Go green without the risk – it’s a phrase that’s often used, but what does it really mean? For many businesses, the idea of switching to LED lighting is daunting, especially when it comes to funding the transition. But what if we told you that you can fund your LED lighting installation through energy savings?
At Goodlight, we’ve been helping businesses like yours make the switch to LED lighting for years. And we’ve seen firsthand the incredible benefits that come with making the switch. Not only do LED lights use significantly less energy than traditional lighting options, but they also last longer and are more durable.
So, how can you fund your LED lighting installation through energy savings?
One of the most effective ways to fund your LED lighting installation is through the Energy Savings Opportunity Scheme (ESOS). ESOS is a government-backed scheme that helps businesses identify and implement energy-saving measures. By participating in ESOS, you can receive funding for your LED lighting installation, as well as other energy-saving measures.
Another way to fund your LED lighting installation is through the Enhanced Capital Allowance (ECA) scheme. The ECA scheme provides businesses with a 100% first-year capital allowance on energy-efficient equipment, including LED lighting. This means that you can claim back the full cost of your LED lighting installation in the first year, reducing your taxable profits and freeing up cash for other business expenses.
But how do you know if your business is eligible for these schemes?
To be eligible for ESOS, your business must have an annual turnover of more than £36 million, or have more than 250 employees. You must also have a total energy consumption of more than 40,000 kWh per year. If your business meets these criteria, you can participate in ESOS and receive funding for your LED lighting installation.
To be eligible for the ECA scheme, your business must have a turnover of more than £2 million per year. You must also have a total energy consumption of more than 40,000 kWh per year. If your business meets these criteria, you can claim back the full cost of your LED lighting installation through the ECA scheme.
So, what are you waiting for? Make the switch to LED lighting today and start saving money on your energy bills.
At Goodlight, we’re committed to helping businesses like yours make the switch to LED lighting. Our team of experts will work with you to design and install a bespoke LED lighting solution that meets your specific needs and budget.
We’ll also provide you with a comprehensive report outlining the energy savings and cost savings you can expect from your new LED lighting installation. And, with our 5-year warranty and 10-year guarantee, you can be confident that your new LED lighting installation will last for years to come.
So, why wait? Contact us today to learn more about how you can fund your LED lighting installation through energy savings.
