Grants Can Cut the Upfront Cost of LED Lighting and Advanced Controls
Grants Can Cut the Upfront Cost of LED Lighting and Advanced Controls
Have budget constraints slowed or halted your company’s plans to upgrade to new LEDs and advanced controls?
Don’t let funding headaches stand in the way of your long-term energy savings. More grants and incentives are available than ever before for businesses to make smart, energy-efficient lighting a reality.
A grant is a means of financial assistance designed to help a business grow in a specific area or reduce energy consumption. Local and federal grants can offer big benefits for small businesses by reducing the overall cost of lighting and controls upgrades. Grants, unlike loans, do not need to be repaid.
“Grants and incentives can help offset the upfront cost of installing energy-efficient LEDs,” explains Lee Levitt, Current’s North American Utility Director. “That is on top of the ROI quickly realized through reduced utility and maintenance costs.”
Businesses can take advantage of grants to upgrade lighting and save money in the future. Making the switch to energy-efficient LED lighting may qualify businesses and commercial property owners for governmental rebates and incentives.
Current’s Utility Rebate Lookup tool is a great starting point to search for applicable grants and tax credits. It’s a comprehensive source of information on U.S. incentives and policies that support renewable energy and energy efficiency. For more information, you can explore the U.S. Department of Energy’s Better Buildings website, grants.gov and NCSL.org. There are also a variety of resources available to help you calculate how quickly your project will pay for itself, as well as other funding sources you may want to consider.
If navigating federal, regional and local grants seems overwhelming, our funding advisors can help! We can introduce you to other funding sources such as leasing, tax-centric planning, on-bill financing and utility rebates to determine the best funding approach for your business.
Want to learn more? Make your vision of LED upgrades a reality today by emailing FundLED@gecurrent.com.
