It’s off balance sheet because we depreciate the LED lights on our balance sheet. At the end of the five-year term, we transfer title of the fully depreciated LED lights to our client. There are no hidden clauses or additional payments, full title merely transfers to our client, upon their written consent, and they continue …
This is not a lease, nor is it financed lighting. There are absolutely no interest charges embedded in our service fees and our offering is completely off-balance sheet for your company, so it won’t impact your financial covenants or borrowing capacity in the future.
We guarantee the wattage draw on our LED lights. We have no control over the future price of energy, our client’s operating hours or sunlight. However, energy efficiency technology will ensure the impact of ever rising energy costs on your business is reduced.
The above explains how we calculate the savings generated, we then charge a monthly service fee, independent of the savings generated. It is a function of the cost of the LED, the project management, the cost of the installation, the maintenance guarantee and a margin for ourselves.
With the data that you give us. For an LED lighting as a service project – the number and wattage of the LED fittings, the operating hours and the unit rate you’re being charged for electricity are used to calculate the savings you can expect.
Because this is your single opportunity to have an LED lighting project pay for itself. This is the only time that a major infrastructural project on your premises will be paid for from the savings generated. The fact is, the next time you carry out a lighting upgrade, the savings will not cover the cost …
Why not just buy LED lighting and pay for the installation myself? Read More »
No, this is money you are already spending on your energy bill. The natural thing to do is add up the 60 payments for our LED lighting as a service product to get the total cost across the 5 years – we will highlight this cost to you in our client proposal. But this is …
If I add up all-of the service fees – it looks like Cap-Ex, is it? Read More »
Munich Re reinsure our LED lighting as a service product as well as our clients. This is not a warranty and there are no secret exclusions. The insurance provides a ‘zero quibble’ approach to replacing faulty lighting fixtures. If there is an issue with a LUMENSTREAM LED light-fitting, we will visit your premises and replace …
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