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icon Cost Comparison at Day 35

At $1,000 per Snaplite without the power unit, this is a very expensive endeavor unless you are faced with a situation where you must provide virtually all the light in an environment for a prolonged period of time. The light’s very strong benefit is little energy usage, 45 watts in the Snaplite and approximately 110 watts in the power unit. Since 9 snaplites can be attached to the power unit, the overall wattage used 515 watts when a unit is used most efficiently. This amounts to 81 sq. ft. vs. a 1000 watt halide lamp which covers about the same distance with the same growth pattern, a savings of 50%. In addition, the LED’s last 15 to 20 years vs. 1 for the halide.

A look at the overall calculations:

1 Year5 Years10 Years
Halide 1,000 watt lamp setup (64 sq. ft.)$275$275$275
Halide 1,000 watt lamp$80$400$800
Monthly electricity - 16 hours @ $.09 per kwh$525$2,628$5,256
Snaplite lamp system (64 sq ft.)$10,995$10,995$10,995
Monthly Electricity - 16 hours @ $.09 per kwh$270$1,335$2,710

On a 10 year ROI, the snaplite is twice the cost of a standard halide system. Under the best of circumstances, Quantum needs to halve their price to meet market conditions or $500 per snaplite, though $250 would allow them to capture substantial volume in the indoor plant growth segment.