An energy efficient lighting upgrade provides the fastest return of any investment in energy efficiency. Widely available financial incentives offered by electric utilities and the Federal government make lighting upgrades even more attractive. You'll find the terms incentives, grants and rebates used interchangeably depending on the utility program sponsor but they all mean that money is available from a third party with few strings attached. Participating in a rebate program not only provides funding but it also introduces a structured quality control program that involves both pre- and post-inspections to help assure our clients that they are getting the system that we've specified and they are paying for.
Because rebate programs are structured differently it is important to work with a lighting partner that understands program design. Some programs only pay for demand (kW) reduction while others pay for both demand (kW) and usage (kWh) reduction and others still that pay strictly on the reduction of usage (kWh). Designing a project that maximize the rebate dollars takes more than a pitch counter and a spreadsheet. Waypoint Lighting has extensive experience managing the complex application and inspection requirements these programs demand and will guarantee results. This experience has allowed Waypoint professionals to secure over $2 million from twenty different programs in ten states. On average these incentives cover 30% of project purchase price with some reaching 50 - 75%.
Depending on the type and location of the project the Federal government offers grants and tax incentives for projects meeting certain design requirements. These programs change from year so contact us to learn what may be available for your project.
Because rebate programs are structured differently it is important to work with a lighting partner that understands program design. Some programs only pay for demand (kW) reduction while others pay for both demand (kW) and usage (kWh) reduction and others still that pay strictly on the reduction of usage (kWh). Designing a project that maximize the rebate dollars takes more than a pitch counter and a spreadsheet. Waypoint Lighting has extensive experience managing the complex application and inspection requirements these programs demand and will guarantee results. This experience has allowed Waypoint professionals to secure over $2 million from twenty different programs in ten states. On average these incentives cover 30% of project purchase price with some reaching 50 - 75%.
Depending on the type and location of the project the Federal government offers grants and tax incentives for projects meeting certain design requirements. These programs change from year so contact us to learn what may be available for your project.
GENERATE IMMEDIATE POSITIVE CASH FLOW
Investing in energy efficient lighting differs from investing in other capital projects. The money to pay for the lighting upgrade is available today in your operations utility budget. By simply taking the money going into the electric utilities pocket today and redirecting it to make loan payments a project can be financed with no impact on the current budget. If done smartly the project financing can be set up to provide positive cash flow from day one. The only thing to do next is sit back and watch the savings accrue for next 15 - 20 years with minimal ongoing maintenance cost.
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EVEN MORE REASONS TO UPGRADE
FundingEnergy efficient lighting projects are well understood by the finance community and known to be low risk. For that reason many companies are competing to loan money keeping interest rates low.
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FlexibilityA variety of finance structures can be arranged depending on budget needs:
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ConvenienceWhen you work with Waypoint, the design, turn-key installation and financing can all handled by one trusted source.
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