Lighting As A Service
Learn about the creative ways we can work with your organization to finance a conversion from your existing lighting system to LED.
What is Lighting As-a-Service
Lighting as a service is an all-inclusive subscription based pricing model geared at making LED lighting a potential option for any business owner, facility manager or service manager. This pay as you go model does not require any high up-front payment and instead breaks these costs out over time making it a much more affordable option.Â
How is LaaS Different Than Other Procurement Methods?
Cash
Requires a large upfront expense. While you have full ownership of equipment, your service, support, and upgrade options are virtually non-existent.
Accounting Treatment: Capital Expense
Ownership: Full Ownership
Services/Support: Limited Warranty
Upgrade Options: None
Lease/Loan
Reduces upfront expense but is still a capital expense and likely will include interest over the time of the loan. Still offers no support beyond your warranty and no upgrades built in.
Accounting Treatment: Capital Expense
Ownership: Ownership (potentially via a 3rd party)
Services/Support: Limited Warranty
Upgrade Options: None
Saving Agreement
Uses savings to pay for new equipment over an extended period of time, but requires complex modeling, measurement, and verification.
Accounting Treatment: Operating Expense
Ownership: 3rd Part Ownership
Services/Support: Maintenance & Limited Warranty
Upgrade Options: Shared Savings Agreement
LaaS
Pay one monthly fee for new equipment over a 3-7 year time period. Includes performance guarantees.
Accounting Treatment: Operating Expense
Ownership: 3rd Party Ownership
Services/Support: Maintenance and Full Warranty
Upgrade Options: New Service Plan
How Does It Work?
Lighting as a service provides the ability for customers to implement turn-key LED lighting retrofit and conversion projects utilizing a subscription model and eliminates the need for upfront capital costs.
Efficient Equipment
LaaS will give you access to top of the line equipment without the upfront costs. It may seem like LED lighting technology is moving too fast to keep up, but Lighting as a service also solves the problem of missing out on the latest improvements to LED. There are options that include the price to upgrade to new technology in your monthly fee.
Savings on Energy Bills
Instead of putting up capital investment for a lighting upgrade at the beginning of your project, you can turn the investment into an operating expense for the company.. With only a portion of the money you save on reduced energy bills, you budget a monthly payment for your lighting. It’s effectively a way to get the advantage of the lighting upgrade you’ve been considering and making it cash-flow positive from day one.
Choosing The Right Partner
Why Partner With Us?
LAAS program uses state of the art LED lighting technology, radical process improvement and new market approaches to provide our customers access to energy efficient products and services. Conventional financing requires customers to engage with a complex web of legal, accounting, technical, and financing decisions. Our program streamlines that complexity on the backend, reducing transaction costs by 10 times. This improves the customer economics and reinvents the customer experience.
Frequently Asked Questions
Lighting as a Service (LaaS) is a service delivery model in which light service is charged on a subscription basis rather than via a one-time payment.
Your monthly payments will be pulled automatcally on the same scheduled day each month via Automatc Clearinghouse (ACH). Payments will occur so long as the system performance conditons laid out in your Service Plan legal agreement, are met.
Lighting as a Service (LaaS) is a service delivery model in which light service is charged on a subscription basis rather than via a one-time payment.
Your monthly payments will be pulled automatcally on the same scheduled day each month via Automatc Clearinghouse (ACH). Payments will occur so long as the system performance conditons laid out in your Service Plan legal agreement, are met.