I think at this point most commercial businesses have realized that replacing their existing incandescent and compact fluorescent lights (CFL's) with energy saving LED light bulbs would be an extremely beneficial move.
Reducing electricity costs and moving toward a greener company is on the top of the list for most NY businesses in 2012. The problem faced by some local companies is how to fund the much needed lighting upgrade or replacement. Due to the excellent return on investment (ROI) that can be achieved by selecting a quality LED lighting replacement, many companies have found that financing can provide your company with the working capital needed with little or no out of pocket cost.
Most commercial businesses would not think twice about financing vehicles or other assets however, for some reason many companies overlook this significant financial opportunity when it comes to lighting. There a very few products your business can purchase that will provide such a multifaceted savings opportunity. I strongly encourage local businesses to examine this type of approach. You have nothing to lose and everything to gain!
Interest rates for NY businesses with a good credit rating are extremely competitive in 2012 and in most cases the financial savings from a significant energy reduction can exceed the cost of the short term loan and provide an excellent ROI. Imagine paying the loan premium with the monthly savings on electricity and maintenance reduction. This has proven to be a very successful strategy for many Manhattan based companies.
Recent studies have shown that due to the exceptional longevity of a premium LED light bulb ortube light, the loan can be paid off long before the lifespan of the LED bulb replacement has been exhausted. This can allow your company to continue to save money well after the the loan has reached maturity.
The less than desirable economy and need to reduce our carbon footprint in NY has forced local businesses to explore all opportunities that can reduce energy consumption and provide a much needed financial benefit. Financing your LED lighting project could be the solution to get your company off the sidelines and in the game.