Lighting as a service is an affordable and efficient alternative to installing a new light source. The service is based on a subscription model, meaning that you can opt for a monthly bill or take out a loan to pay for the installation.
The service offers two key financial advantages: you do not have to make a large upfront investment, and you can capture energy savings sooner. Moreover, a lighting as a service company will ensure your business runs smoothly and efficiently by providing routine maintenance and high-efficiency lighting systems.
Aside from the obvious benefits of lighting as a service, there are a number of other things you should know about the technology. One example is that LED lighting is becoming more efficient and lasts longer than incandescent bulbs. Another is that smart meter technology allows for remote monitoring of your lighting.
Lighting as a service has become more popular in recent years. Businesses are always looking for ways to save money and cut costs. As a result, the industry is growing rapidly. In fact, the lighting as a service market is expected to reach $1.6 billion by 2025.
Using LED technology can help you save money and minimize maintenance costs. A lighting as a service company can handle the entire process, including design and installation. Additionally, it can help you get access to the latest LED improvements.
Lighting as a service companies also offer a variety of other services. They are on call to provide emergency repairs if necessary. This can mean the difference between a successful installation and a snafu.
Another benefit of using a lighting as a service is that it is a better way to manage lighting than trying to maintain it yourself. If you hire an expert with a LaaS vendor, they will be able to take care of maintenance, allowing you to focus on other aspects of your business.
Other perks of a lighting as a service program include the ability to turn the upgrade into a cash flow positive move from the very first day. Because it is an investment that can be made into your operating expenses, your payments can be deducted from your net income.
Another nifty lighting as a service feature is the ability to measure and monitor your savings. Some utilities offer on-bill financing and allow you to pay for your lighting with your electric bill.
Besides the above-mentioned advantages of a lighting as a service, there are dozens of other ways to cut costs. Among them are the best practices outlined here. But before you can start implementing these tactics, you should check with your local agency to see what they have to offer.
While not an exact science, the lighting as a service model proves to be a good choice for businesses looking to save money on their monthly utility bills. With a little research, you will be able to find the perfect solution for your company.