Many schools are looking for ways to reduce their overheads and make savings as budgets are getting tighter and costs are rising. Energy-efficient lighting is a proven way to reduce energy consumption as it can decrease lighting energy costs by up to 80% which gives a great return on investment in a short period. But maybe you haven’t pursued energy efficiency improvements due to not being able fund the costs, but that doesn’t have to be the case.
Funding your light project with no cost upfront
One of the great ways to fund your school lighting project is through an operating lease. The operating lease can fully fund the installation of LED lighting, and you will have no upfront cost just regular manageable repayments.
At the moment operating leases are being offered with low-interest rates which means it is an ideal time to take an operating lease as they are more cost-effective. However, what makes a repayment option like this even more attractive is that the savings achieved by the lighting upgrade can be used to pay the operating lease repayments. In many cases this can cover the repayment cost and in some cases there could be some savings leftover after making the repayments each period, therefore, the school could be cash positive.
It is also important to note that at the end of the repayment period the school will continue to benefit from the energy savings and will get 100% of the savings and own the lighting.
There will also be additional savings from the lighting upgrade as there will be lower maintenance and replacement costs as LED lighting lasts five times longer than other lighting and therefore doesn’t need replacing as frequently.
As energy prices continue to rise and savings can be made straight away and will continue to be made into the future, how can you not afford to act now and replace your old and dated lighting? Also, if you have halogen or fluorescent lamps, these are currently being phased out with halogen lamps in September this year and fluorescent bulbs in 2023, so you will need to switch soon so act now and benefit from the savings straight away.
Act now and get in touch with us to find out more about upgrading your lighting and how an operating lease could help you fund your lighting upgrade.