Financing an LED lighting system
Clear Business Finance helps an intrinsic motion technology manufacturer to achieve a 70% reduction in energy usage & improved lighting levels to meet CIBSE guidelines.
A UK business specialising in the design and manufacture of motion technology components for organisations throughout the world, needed improved lighting levels to aid their intrinsic machine work. Furthermore, they were all too aware that in many industrial settings lighting was becoming one of the largest proportions of a business’s energy consumption and subsequently they were seeking a solution that would also address the ever-increasing electricity bills they were facing.
LED lighting has come of age in recent years, it runs cooler and emits more light per watt than its traditional counterparts. However, LED is considerably more expensive and therefore it forces many organisations to delay lighting upgrades until capital budgets allow for this expenditure. This business owner saw the benefits that improved lighting would bring to their operational capabilities and energy usage but they needed a solution that wouldn’t hinder their liquidity.
Key Facts
The Results
At Clear Business Finance we not only have access to over 60 of the UK’s leading funding providers, we also have green energy finance experts in-house who are accustomed to working alongside many of the UK’s leading green energy suppliers and installers. We feel this combined knowledge is what helps us to fully understand our client’s goals and as a result, secure them a highly competitive cash flow solution.
Subsequently, we were able to facilitate a 5-year lease agreement which encompassed the design, supply and installation expenses associated with LED lighting. Repayments were spread over the term of the agreement and monthly instalments were structured to ensure they were noticeably less than the customer’s achieved energy savings, all of which meant this UK business owner attained a cash-positive position from day 1. All in all, a 70% reduction in energy consumption was achieved & improved lighting levels to meet CIBSE guidelines. Also, the solution helped to cut CO2 emissions creating an ongoing environmental benefit which ensured the companies compliance with environmental, social and governance standards.
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