Induction lighting systems, lamps and fixtures typically have a higher up front cost than metal halide and other conventional lighting technologies. However, because of higher light output the number of fixtures needed to light a space decreases. Coupled with increased energy efficiency and lifespan, this translates to a smart investment with a relatively fast payback. Induction lighting is becoming hugely popular and prices are continually going down. Typical payback on lighting projects currently range from 1-3 years, and you will see your savings double over and over since the technology lasts 10-20 years depending on operating hours.