Breaking Down Financing Options for LED Retrofits

LeaseQ CEO Vernon Tirey recently wrote an article discussing the financing options available for LED retrofit projects for leading lighting industry publication, LEDs Magazine. In his article, Vernon lends advice to LED vendors on the savviest financing options for retrofits.

An excerpt from the article is as follows:

Building owners can choose to finance an LED project for $0 down, use someone else’s money, and generate immediate positive cash flow in the very first month. By counting the equipment as collateral for the loan or lease, equipment financing offers some of the best interest rates and payment terms for LED upgrades, regardless of a business owner’s time in business or credit score.

All of this is music to an LED vendors’ ears. LED vendors have long faced an uphill battle in closing deals for commercial spaces, due to the high upfront cost. With automated equipment financing solutions, vendors can quickly summarize the project economics and cash flows for a building owner. This might include cash spent to start realizing improved efficiency, estimated efficiency savings, any applicable rebates or incentives, and instant, online financing quotes.

Equipment vendors should establish cost first, be realistic about future savings, and work with the building owner’s finance department when necessary. The result is a “no-brainer LED retrofit.”

To read Vernon’s full article in LEDs Magazine, please visit: http://bit.ly/2yXsC7x

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