A pilot program has launched in Florida that helps businesses lower their energy costs.
The SAVE program is an initiative of Lime Energy Co., a provider of energy efficient products and services. The program intends to make it easy and affordable for small and medium-sized businesses to upgrade to high-efficiency lighting. SAVE’s first customer, Discount Music Center of Orlando, received a no-cost upgrade to state-of-the-art LED lighting that, under the SAVE program, is guaranteed to generate energy savings every month. Orlando is just one of several markets where Lime Energy is rolling out this new program offering in 2017.
Under the program, Lime Energy provides a free energy assessment and installs new energy-efficient equipment, at no cost to the customer, that is customized to the specific business’s needs. Lime Energy guarantees monthly energy cost savings and bills the customer for only a portion of realized savings. The SAVE program allows businesses to permanently reduce their operating costs with no out-of-pocket expenses and no burden of debt.
“Our new SAVE™ program attacks the barriers that have long kept so many US businesses from participating in the green economy, while helping utilities access much needed efficiency resources in the traditionally hard-to-reach commercial building sector,” said Adam Procell, President & CEO of Lime Energy. “The economic and environmental benefits unlocked by this offering are critical to our communities and key to meeting goals for a re-envisioned energy system and the utility of the future.”
Steve Grier, the Discount Music Center owner, was happy to be the first customer of the SAVE program. A free energy assessment from Lime Energy showed that installing new LED lighting throughout the facility would offer significant and immediate energy savings. Presented with his payment options, Mr. Grier chose the 36-month shared savings term with an anticipated monthly savings of $842. Under the SAVE program, his monthly lighting upgrade payment will only be $632, allowing him to pocket $210 every month.
“Listen, this deal almost falls under the category of too good to be true,” said Mr. Grier. “I refreshed all of my lights in my entire facility, I’m paying for it through my savings, and I’m pocketing a couple hundred dollars every month.” Discount Music Center is anticipated to save 9,144 kWh of electricity per month and return more than $7,500 to Mr. Grier during the 36-month shared savings term.
Data centers have become one of the biggest proponents of LED lighting recently. In fact, recent research has found that data centers can reduce energy consumption by up to 40% just by applying energy-efficiency measures and strategies. More specifically, data centers can improve their power usage effectiveness (PUE) by up to 25% with energy-efficient LED lighting paired with sophisticated controls and sensors.
Automakers are also making the switch. Multiple automotive plants in the US are upgrading legacy fluorescent lighting systems to energy efficient LED lighting platforms and controls to help achieve the environmental and energy efficiency goals of the companies. Orion Energy Systems, Inc. expects commitments from two large automakers for its LED lighting systems throughout multiple auto plants.
One automotive customer requested engineering studies for the lighting needs of all of its North American plants. LED lighting retrofit projects for five of this customer’s US plants will take place in 2018. The plants will be fitted with LED lighting that delivers more than 214 lumens per watt, making them the lighting industry’s highest performing LED high bay fixtures.