Lighting as a Service (LaaS) is a service delivery model in which light service is charged on a subscription basis rather than via a one-time payment. This business model has become more common in commercial and citywide installations of LED lights, specifically in retrofitting buildings and outdoor facilities, with the aim of reducing installation costs. This pay as you go model does not require any high upfront payment and instead breaks these costs out over time making it a much more affordable option.
Lighting as a service provides the ability for customers to implement turn-key LED lighting retrofit and conversion projects utilizing a subscription model and eliminates the need for upfront capital costs.
LaaS will give you access to top of the line equipment without the upfront costs. It may seem like LED lighting technology is moving too fast to keep up, but Lighting as a service also solves the problem of missing out on the latest improvements to LED. There are options that include the price to upgrade to new technology in your monthly fee.
Instead of putting up capital investment for a lighting upgrade at the beginning of your project, you can turn the investment into an operating expense for the company. With only a portion of the money you save on reduced energy bills, you budget a monthly payment for your lighting. It’s basically the best way to get the advantage of the lighting upgrade you’ve always wanted while also making it cash-flow positive from day one.
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