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 LED 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 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.
