Commercial lighting company highlights opportunities of risk-sharing business models
Greenlite Commercial Lighting Maintenance, a Content Coms client and a commercial environmental lighting specialist, welcomes fresh ways to finance energy-efficiency upgrades, including the recent interest in risk-sharing models.
Andy Chell, Sales and Marketing Manager at the retail lighting firm based in Lancashire, says: “A risk-sharing contract is where a supplier of technology, like energy-efficient lighting, provides it with no up-front costs. Repayments are generated through the customer’s monthly energy savings.”
He adds: “While it’s great to see growing awareness, these schemes are nothing new. For example, lighting finance has seen a surge in interest over the last few years as companies seek to benefit from cash-saving energy efficient retail lighting.”
“This is a sensible move,” Andy notes. “Virtually all of the FTSE 100 companies use finance, as they know there is no point tying up valuable capital expenditure on a depreciating asset! Finance leases are also fully tax deductible and qualify under the Enhanced Capital Allowance Scheme.”
“It’s important, however, to choose a scheme that suits you. There are lots of variations and it’s worth holding out for one with added benefits. For example, some will offer fixed payments throughout the term to enable accurate budgeting.”
Andy adds: “As a national lighting maintenance services expert, Greenlite anticipates that uptake of lighting finance will only grow. Basically it’s a win-win for everyone involved!”