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So you are thinking about ways to conserve energy? Why not partner with Efficient Lighting to retrofit your existing lighting system and go energy efficient. Efficient Lighting is the leader in the industry for lighting retrofits and help lower energy costs, increase worker productivity and make a positive impact on the overall economy and environment.
Benefits & Financing
Benefits
Retrofitting provides energy benefits and rewards for the building owner/manager, the economy and the community. Tens of thousands of dollars in savings can pay back the capital cost of the project in a relatively short amount of time, perhaps in a few months. By using new products and technologies with longer life cycles, a retrofitting project can save on maintenance costs--in materials and labor.
Retrofitting also benefits the overall economy. Businesses cut operating costs, become more competitive and provide a better-lit workplace. Furthermore, it creates jobs for electrical contractors, lighting designers and others, and continues to drive the ongoing need to devise and manufacture new and more energy-efficient strategies and technologies.
While most retrofits are undertaken purely for financial reasons, there are environmental benefits. By reducing energy demand, the dependence on oil, coal and nuclear power is reduced, along with the air pollution and other environmental threats associated with these fuels.
Financing
With energy rates continuing to rise, there is increased focus on reducing residential and commercial energy consumption. Many facility owners and managers are convinced that energy-saving projects can provide a good return on investment despite the upfront cost.
Financing can be difficult because banks and other traditional lenders often don't provide loans that cover labor costs. But finding an electrical distributor that offers financing allows facility owners and managers to leverage energy savings and tax deductions immediately, even if the capital budget isn't available. By working with an electrical distributor, they can finance the entire project, including hardware, installation and even soft costs like maintenance agreements and software, and pay for the project over time while accumulating savings.
Utility Rebates and Tax Deductions
Utility Rebates
Efficient Lighting has partnered with the utility companies of southern California to provide a variety of rebate programs which are applied to the installation costs, making it more affordable and enabling you to get a return on your investment in two years or less.
Since lighting accounts for as much as two-thirds of energy used in a warehouse, utility companies are eager to help find ways to reduce their draw on the electric grid. To encourage energy efficiency, utility companies often provide rebates on high-efficiency lighting, sometimes up to 20 percent to 30 percent of the project's cost.
Tax Deductions
To encourage companies and building owners to embrace energy efficiency, Congress passed the Energy Policy Act of 2005 (EPAct), which offers consumers and businesses federal tax deductions for purchasing fuel-efficient hybrid-electric vehicles and energy-efficient appliances and products.
Included in the EPAct is the Commercial Buildings Deduction, which allows a tax deduction for energy-efficient commercial buildings that reduce annual energy and power consumption by 50 percent, according to the American Society of Heating, Refrigerating and Air Conditioning Engineers (ASHRAE) 90.1 2001 standard.
The deductions are available for new construction and improvements to existing buildings. Privately and publicly owned buildings, including commercial office buildings, schools and government facilities, can qualify for the interior lighting project deductions. To qualify, the project must be placed in service between Jan. 1, 2006, and Dec. 31, 2008.
Retrofitting Checklist
To explore the benefits of a lighting retrofit project, owners or managers of commercial, industrial or institutional facilities should have Efficient Lighting do a detailed lighting audit. Often we bring in several different organizations, including electrical distributors and energy consultants to complete the project.
By partnering with Efficient Lighting to handle your retrofit, we will:
-Conduct a no-cost audit on your facility.
-Examine your utility bills to verify current energy spending.
-Consult with our design team to create a lighting retrofit with the latest lighting technologies available.
-Have an experienced and licensed electrical contractor install the new lighting systems.
-Help you achieve payback within 2 years and start accumulating a return on investment.
Contact Efficient Lighting at 310-808-9288 to schedule a lighting audit.
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