by Brianna Crandall — March 28, 2016—Lunera Lighting, provider of lighting innovations accelerating the transformation to advanced LED technology, recently introduced LightStream Lighting as a Service (LaaS). Available now, LightStream is a turnkey service that allows building owners and operators to upgrade their commercial lighting infrastructure to LED with zero capital expense (CapEx).
LightStream is a saved Energy Utility Service.
This innovative approach enables lighting to be treated as a monthly service. Lunera’s award-winning, plug-and-play light-emitting diode (LED) lamps insure end user satisfaction and eliminate project risk, as no modification to the existing lighting infrastructure is required to convert to LED technology, says Lunera.
Lunera’s vice president of Sales and Marketing, Tom Quinn, explains:
We designed LightStream to eliminate the financial barriers to adopting LED lighting in commercial properties. It removes the need to make a CapEx decision; it’s simply billed monthly as a “Saved Energy” utility payment, based on kWhs saved.
LightStream LaaS is designed to take the risk out of upgrading to LED lighting and to enable immediate positive cash flow. Instant energy savings from an LED lighting upgrade offers an unlimited Internal Rate of Return (IRR), points out Lunera.
Facilities can customize the service by determining the term length and percentage of energy savings used. Because the Saved Energy utility rate is fixed, the service provides insulation from fluctuating or seasonal utility rate changes.
LightStream’s turnkey service includes: project management, logistics, materials, installation and contract period maintenance. It gives commercial building owners and operators the financial freedom they are looking for in deploying LED technology, says the company.
Once the contract has been completed, the high-quality LED lamps remain with the facility to continue providing long-term savings on utility payments.
Lunera’s plug-and-play replacement LED lamps are available directly from Lunera and through authorized distributors and retailers. Utility rebates and the immediate energy savings gained through LED use can help offset upfront expenses for lighting retrofits.
Find more information on the LightStream product page, and contact Lunera to arrange a demonstration or to locate a distributor nearby.
