We understand that Lighting as a Services comes with many questions. If you don’t find the answer to your questions below, or you would like to read more on the topic, we suggest reading the other LaaS articles in this series. You will find articles on, Lighting-as-a-Service FAQ, as well as, What is Lighting as a Service (LaaS)?
Lighting as a service (LaaS) is a convenient program designed to save businesses time and money. LED lighting is installed and maintained by the service provider, and companies only pay a monthly subscription fee.
While the promise of lower energy bills and knowing that LED LaaS is maintenance-free are benefits, there are additional incentives for organizations to switch to a lighting as a service model. If you want to know all of the benefits of an LED Laas program, keep reading as we walk you through the benefits.
What are the Benefits of LED Lighting as a Service?
Business owners are often surprised at the benefits that come with using LaaS. It goes beyond knowing that someone else is responsible for ensuring all of the building’s lighting is functioning properly. Some benefits of Laas that you might not have considered are.
No Up-Front Costs
Companies do not immediately pay to have energy-efficient LED lights installation, instead the installation and product cost is divided into manageable monthly payments and scheduling maintenance is included for the life of the contract. Since it’s an ongoing contract, it is an operating expense, and not a capital expense. With an LED LaaS program, the money you would normally spend on an LED retrofit is still in the business’s account, where you can use it to cover other costs that come with normal daily operations. One of the main bonuses of participating in a LaaS program, is that your energy savings typically cover the cost of the lighting project!
Reduce Energy Usage
LED lamps are energy efficient. Even though the lights are on the same amount of time, you’ll notice a decrease in monthly utility bills. The money you save in energy by using an LED LaaS program usually covers subscription costs. With the energy savings, you are now not taking money away from the business to use for lighting as a service.
To learn how to calculate what your energy savings would be utilizing an LED LaaS program, read Calculating Your Lighting Only Energy Savings in an LED Retrofit. It is the first article in our Calculating Your Savings and ROI on any Lighting Project.
Improved Productivity and Employee Safety
Now that maintenance is covered through the service agreement, employees have sufficient lighting to work safely. Your business is also meeting industry safety requirements so you don’t have to worry about a non-compliance fine.
Since your staff doesn’t have to spend time on lighting maintenance, productivity increases. Employees can focus solely on their jobs and not changing out lamps. When productivity and safety are an improvement, profits increase.
Some businesses can claim deductions on tax returns if they are taking steps to reduce their carbon footprints. One way to do so is to install LED lighting. Not only are LED lights better for the environment, but it can also reduce HVAC costs. The lamps do not emit as much heat as traditional lighting, resulting in lower air conditioning bills!
Stay Current with New Technology
Technology is constantly advancing, including lighting. In the service agreement, companies can choose to have their lighting upgraded, as necessary. You won’t have to write a check the day the provider installs the new lights, it’s part of your subscription and will be reflected on the monthly bill.
Additional Benefits of LaaS
Along with saving money and not having to worry about maintenance, the service is flexible to meet the unique needs of each business.
Not all buildings are the same size or even shape. Different organizations might also require more or fewer lights in specific places. Whether it’s a factory, hospital, or educational building the lighting as a service provider will work with the company to create a plan that best fits their needs.
Whether it’s more lighting at an entranceway or illuminating a dark parking lot, your service provider will install the lighting system that meets your specifications. Since you’re entering into a long-term contract with LaaS, you can make changes as needed. Whether it’s adding more lights, fixing a maintenance problem, or upgrading to the latest technology, you won’t have to worry with the subscription.
Start Seeing These LED Lighting as a Service Benefits
There are several benefits to participating in a lighting as a service program. The primary one is its cost-effectiveness. You do not pay at the start or the end of the installation. Instead, you enter into a long-term contract with the provider. Maintenance is covered, freeing up employees to perform their jobs without interruptions. You also have the option of upgrading as technology advances.
With all of the benefits that come with using LaaS, it only makes sense that companies take advantage of the convenient service. For more information on Lighting as a Service, or to speak with one of our lighting specialists, contact us today by calling 610-558-9773, email [email protected] or schedule a call.