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July 23, 2015 — With the final phase of the Energy Independence and Security Act (EISA) now complete and incandescent lighting on the decline, many business are switching over to LED bulbs that can save upwards of 80 percent of the electricity costs compared to traditional bulbs.
For facility managers with multiple locations, however, the upfront cost for switching to LEDs presents a problem, often meaning a purchase of $100,000 or more — just for lightbulbs.
With that in mind, consider the growing trend toward Lighting-as-a-Service, where businesses pay a monthly fee based on “pay what you burn” that requires little to no upfront costs. This is similar to the software-as-a-service model (SaaS) in the technology industry that has become hugely popular and cost-effective.
For example SIB Lighting offers LED bulbs as a pay-as-you-burn service to businesses just like they would pay for their monthly phone/Internet service. The savings month to month hovers in the 50 to 85 percent range.
SIB Lighting handles installation and maintenance throughout the life of the contact, charges zero capital expenditure/upfront costs, and guarantees that its customers will pay less for lighting than they do before the switch. An added benefit: The new bulbs increase overall light levels at each facility by 200 percent.
SIB Lighting is a division of SIB Development & Consulting, a fixed-cost reduction firm that specializes in saving small-business owners and franchisees thousands of dollars annually by auditing/renegotiating recurring monthly expenses.
SIB specialists pore over past monthly bills and invoices, at least five years back, finding errors and overcharges, and then go after the vendors to get the money back. The specialists then negotiate better rates for those same regular services and continue to monitor bills for the life of the agreement.
For more information, visit http://siblighting.com/.
