Funding lighting through energy savings provides companies with greater security on their investments
Goodlight is offering the leasing of LED lighting systems to enable businesses to fund lighting replacement programmes from their operating budgets. Goodlight’s Bright Plan offers replacement LED lighting to be paid-for directly from energy savings. With no upfront cost, these leasing schemes have zero impact on the cash reserves of the business. Companies can fund their new LED lighting completely out of their reduced energy costs, with extra left for the business every month. Rates are fixed for two to five years, depending on the length of the agreement, which removes the uncertainty and makes budgeting easier.
With Bright Plan, Goodlight offers businesses a free site survey which provides a detailed breakdown of suitable replacement light fittings, the installed cost and the return on investment from savings on energy and maintenance costs. They also guarantee all LED fittings for 50,000 hours, the equivalent of 5 years, making each LED lighting installation risk-free.
Commenting on Bright Plan, Saima Shafi, Sales and Marketing Director of Goodlight, said, “Despite the advantages over traditional lighting, one of the main reasons why many organisations have still not converted from incandescent, halogen or compact fluorescent lamps is the high initial cost of installing LED lighting. Fortunately, there is an alternative with our Bright Plan leasing scheme.”
A typical 5 year lease illustration from Bright Plan shows the benefits offered by this alternative. A site survey recommends the installation of 100 five-foot LED replacements for fluorescent tubes. Total equipment value is £4,500.00 and this is funded by a weekly payment of £21.76, with a first payment of £94.28, followed by 59 monthly payments of £94.28. Total cost is £5,656.80. The company can claim tax relief at 21% on the lease payments, totalling £1,187.93, so the net cost of finance is £4,468.87.”
The leasing system is tax-smart too, with fixed monthly costs 100% allowable under UK taxation rules. Fixed rate schemes help companies ride out the economic uncertainties and risk is further lowered because the manufacturer’s guarantee covers the lighting units throughout the term of the lease. When the lease finishes, the customer will own the lights outright and is still able to take advantage of the remaining guarantee period. LED lighting will continue to save the company money for years after the lease period.
With benefits and advantages like this, funding lighting through savings on energy may be the perfect antidote for businesses to economic gloom.