Upgrade Now To LED With Lighting As A Service

With our Light Now Program, you can convert your property to energy-efficient LED lighting with zero upfront cost to you.

 

Seriously. Zero Upfront Cost.

What is Lighting as a Service (LaaS)?

 

Why spend money on lighting when you can use it for something with better leverage? For companies looking to increase efficiencies, US LED offers a creative solution that can reduce overall energy consumption and eliminate maintenance. Our Light Now Program, sometimes referred to as LaaS or Lighting As A Service, is an all-inclusive subscription that allows business owners the ability to install energy-efficient LED lighting with no upfront capital. Monthly payments divide the cost of the new LED lighting, the initial installation, and the ongoing maintenance in the Program.

The Light Now Program (Lighting as a Service) helps to create a reduction in energy usage and simultaneously cuts down lighting maintenance by installing new LED lighting at no upfront capital to our customers. Because the Program is defined as a service agreement, it’s designated as an operating expense and not a capital expense. Cash-flow is positive day one compared to other traditional procurement methods and the energy savings help pay for the program.

How does Lighting as a Service (LaaS) work?

 

Lighting as a Service (Laas) is a simple approach to converting your business to energy-efficient lighting technology without the complication of budget constraints. With the Light Now Program, customers can implement turnkey LED lighting projects utilizing a subscription model that eliminates all upfront costs.

The Light Now Program (Lighting as a Service) In Summary:

  • US LED will install a new, energy-efficient LED lighting solution at no up-front capital cost.

  • The project is typically installed one to three months after the Program agreement is signed.

  • US LED will maintain the lighting system over the life of the Program service agreement.

  • The monthly payment remains fixed for the duration of the Program service agreement.

How does upgrading to LED lighting with zero upfront cost sound? We think it sounds pretty good too.

How is Lighting as a Service (Laas) different than other procurement methods?

 

Capital Expenditure

This requires that the lighting is paid for upfront. You have complete ownership over the lighting system. Any future service or maintenance beyond the initial manufacturer's product warranty is up to you to take care of.

Loan or Lease Agreement

This reduces the initial expense of new lighting upfront but it is still considered a capital expense. Besides the interest over the time of the loan, you're responsible for ongoing service and maintenance beyond the initial manufacturer's product warranty.

Lighting As A Service

A monthly subscription that divides the cost of the lighting, installation, and ongoing maintenance over the term of the agreement. Because it's defined as a service agreement, it’s designated as an operating expense and not a capital expense.

What are the benefits of Lighting as a Service?

The US LED brand has stood for lighting expertise, innovation, and customer satisfaction for 18 years and counting. As the most comprehensive LED manufacturer in the USA, US LED offers a full-service approach when working with customers on their projects offering a comprehensive catalog of LED lighting solutions and end-to-end services. Here are just a few of the many benefits of upgrading to LED lighting with US LED‘s Light Now Program.

1

Zero Upfront Capital

All of the energy-efficient LED luminaires in a custom solution are included in the agreement and not a capital expenditure to the Customer.

3

Zero Lighting Maintenance

For the Customer, all maintenance costs associated with the lighting are eliminated. Parts and labor remains the responsibility with US LED under the Program Agreement.

5

Improved Business Productivity and Safety

With improved light levels and the elimination of maintenance, employees can be more productive by focusing on the task at hand and avoid hazards associated with poor visibility.

7

Protection Against Technological Obsolescence

US LED will install the advanced LED lighting technology. At the end of the Agreement, if desired and agreeable to both parties, upgrades can be completed where necessary to continue the ongoing savings and the Program extended.

2

Zero Installation Costs

The entire turnkey installation in the Program is covered by the Agreement and is the obligation of US LED. It will be installed with no negative impact to day-to-day operation costs.

4

Immediate Savings Day One

From the moment the lights turn on, the new lighting solution will significantly reduce costs associated with energy consumption and maintenance. That means the Customer is cash flow positive day one.

6

Environmentally Friendly

With energy-efficient LED lighting, businesses can reduce their carbon footprint and increase their focus on sustainability even more. LED technology can also indirectly benefit HVAC costs by reducing the heat previously generated by legacy lighting technology.

8

Project Management Through The Entire Process

The world-class project management team at US LED is committed to seeing your lighting upgrade completed successfully and efficiently. With a single point of contact, installation will be completed efficiently and comply with local, state, and federal requirements.

Explore All The Benefits of LED Lighting

 

Frequently Asked Questions

What is Lighting as a Service (LaaS)?


Lighting as a Service is an all-inclusive subscription model that allows business owners the ability to install energy-efficient LED lighting with no upfront capital. Monthly payments break up the cost of the new LED lighting, the installation, and the ongoing maintenance. Because lighting as a service is defined as a service agreement, it's designated as an operating expense and not a capital expense. Cash-flow is positive day one compared to other traditional procurement methods and the energy savings help pay for the program.




How do the monthly payments work and how is it billed?


Monthly payments will be automatically drafted on the same scheduled day each month via Automatic Clearing House (ACH). Payments will continue for the duration of the Program service agreement as defined in the legal terms.




What happens at the end of the service agreement?


There are three options at the end of your agreement:

  1. The exisitng service agreement will auto-renew at the end of the agreement. Monthly payments and other terms are subject to change.
  2. Enter into a new service agreement. US LED will determine current lighting requirements and recommend any technology changes (if necessary) to the existing lighting system.
  3. Terminate the service agreement. US LED will choose to either remove the lighting system or abandon it in place. Note: If the service agreement is terminated early, penalty charges will be incurred.




What happens if our company moves and we need to end the agreement early?


If your property is sold or the lease is ending, the service agreement can be transferred to the new owner with US LED approval. Alternatively, you can take the lighting system to the new location you're moving to. If the service agreement is terminated early, then penalty charges will be incurred.




What is the process to implement Lighting as a Service (LaaS) for my business?


  1. US LED will schedule an on-site audit to understand your lighting requirements.
  2. Once the audit has been completed and some financial pre-requisites have been determined, a custom lighting solution is designed and a proposal will be generated.
  3. After the Program service agreement has been agreed upon, US LED will install the new energy-efficient lighting system at no up-front capital cost.
  4. The project is typically installed one to three months after the Program agreement is signed.
  5. US LED will provide maintenance for the lighting system over the life of the Program service agreement.
  6. The monthly payment remains fixed for the duration of the Program service agreement.




Who owns the LED lighting?


US LED's financing partner will hold the title and ownership of the lighting system during the service agreement term. A Uniform Commercial Code (UCC-1) financing statement may be filed on the lighting system itself, which serves as official public notice of claims of interest. All risk of ownership for the lighting system is transferred to our financing partner.




Can I designate the monthly payments as an operating expense?


What makes the Lighting as a Service (LaaS) agreement unique is the ability to designate it as an operating expense and not a capital expenditure. However, final accounting treatment is determined by the customer and not US LED.




Do I need to provide any insurance for the new LED lighting system?


Once the new lighting system has been installed, you'll provide certificates for Business Property Coverage. This includes but not limited to: fire, theft, business interruption, extended coverage for the full replacement cost of the equipment (including installation), and business liability coverage. The legal terms of the service agreement will outline exactly what needs to be covered by the customer.




How do taxes work with this new service agreement?


US LED's finanicial partner will handle all the taxes on the service agreement plan for you. Sales tax may be due with each monthly payment, subject to state policy. The listed monthly payment(s) at the time of the service agreement proposal do not necessarily include sale tax.




What if I want to change how my space is being utilized?


There are no restrictions on how you utilize your space. However, changing the layout of your space could affect lighting requriements beyond the original scope. The existing service agreement does not cover moving lights around in the facility to accomodate new lighting requirements. Please consult with your US LED representative for more details.




What if I want to add any additional facilities or technology?


Are you expanding to add more facilities? Are you wanting to include additional building technologies such as network lighting controls or electric vehicle chargers? Please consult with your US LED representative to add an addendum to the existing service agreement. Monthly payments are subject to change.





 
 

Let's start a conversation about your LED upgrade.

Fill out the form below and we will send you more information about the Light Now Lighting as a Service Program.

713-972-9393

World Headquarters

6807 Portwest Drive

Houston TX 77024

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