Lighting as a Service (LaaS) has recently emerged as a solution to commercial lighting needs. Not only does this model allow businesses to upgrade their lighting with zero-capital investment, but it also provides numerous financial, environmental, and business benefits. LaaS makes it easy for businesses to afford other improvements to their business, while still taking advantage of a lighting upgrade.
10 Ways LaaS Can Help Your Business
The LaaS model is built with common business pain points in mind. Most businesses run into a "cash flow" problem where dollars are better invested in more direct and strategic ways.
However, with a LaaS model, businesses do not have to choose where their money is vested. They can take advantage of the benefits of LED lighting, which are plentiful, while still having money to invest back into the improvement of their business.
1. No Capital Cost Lighting Upgrades
In the LaaS model, zero capital is required upfront. No loans are taken against your business, and there is no down payment necessary. Supply, installation, and maintenance are all included in your lighting upgrade for the duration of the agreement.
2. Reduced Energy Costs
LED lighting is environmentally friendly, so from the moment the new lights are switched on, customers reduce energy consumption from lighting by at least 60% on average, while receiving better lighting quality.
3. Free Maintenance
When the existing lighting is upgraded most LaaS providers will take on any and all of the maintenance responsibility for that lighting system throughout the lifespan of the service agreement.
4. Inflation Protection
Energy savings are based on the kilowatt per hour cost at the time of signing. If energy costs go up, energy savings share does not, thus protecting and benefiting customers against inflation.
5. Saving Money and The Environment
Growing your business and helping the environment should go hand in hand. Businesses that are instilling sustainability initiatives are more appealing to consumers, stakeholders, and employees. Reducing your carbon footprint should not be hindered by a lack of money to support a lighting upgrade. LaaS providers know that strengthening your business' sustainability efforts is important to look more appealing to stakeholders, customers, employees, and the public. There is also a higher level of accountability to protect our environment, so LaaS providers take on the burden of upgrading businesses with more environmentally friendly lighting systems.
6. Custom-Designed Lighting Solution
The right LaaS partner will customize your business' lighting system to your business' needs. They will take a look at your old technology item by item and enhance the different lighting applications for your business needs. Whether it is a working industrial space that needs to be well-lit, a dark parking lot that needs to promote customer safety, or a classroom. No lighting upgrade is the same, and a provider should be tailoring to your business needs.
7. Better, Safer Environment
There is significant data that shows LED lighting improves the mental, physical, and emotional health of your employees and customers. Flickering and buzzing CFLs negatively sleep cycles, stress, attention, and even aging. Safety is also impaired by poor lighting, especially in parking structures and manufacturing facilities.
8. Reallocation of Resources
The energy savings generated from a Lighting as a Service (LaaS) Commercial LED Lighting upgrade, can be put back to better use. With an LED lighting upgrade, you will have the ability to invest the cash they save from energy usage and maintenance costs into operational or growth initiatives for their business.
9. Less CO2 Emissions
Commercial LED Lighting reduces a business's carbon footprint instantly due to its gentler manufacturing process. LED Lighting consumes a fraction of energy compared to older lighting technology such as HID (High-Intensity Discharge) or Metal Halide, thus significantly reducing CO2 emissions from the power plants.
10. Longer Life Span
LED Lighting typically lasts up to 100,000 + Hours, making it more reliable than traditional lighting. This extended rated life reduces maintenance needs, thus eliminating the overproduction of material and parts for maintenance. LED Lighting is overall more efficient and gentler on the environment in every aspect.
The Right LaaS Partnership
The benefits of lighting as a Service and Commercial LED Lighting are undeniable. If your business is considering reducing your carbon footprint and reducing extra costs, then switching to energy-efficient lighting is the smartest move.
Future Energy Solutions can help your business achieve these benefits for the environment and your operations. Find out how your business could benefit from a Commercial LED Lighting upgrade and save on maintenance costs by using our easy Savings Calculator and get in touch with one of our energy savings specialists.