Considering switching your commercial lighting to LEDs this year? Learn how to get the most out of lighting rebates and incentives.
Have you gone shopping for new light bulbs or fixtures lately? If the answer is yes, you’re probably aware that LED lighting options have saturated the market as energy efficient alternatives to incandescent, halogen, and fluorescent lights.
But, what you might not know is that there are tons of rebates and incentives out there for buying LEDs that can help you save money when making the switch.
Since January 2012 the number of rebate programs for LEDs has increased by 54%.
Here’s an overview of the kind of rebates your company can expect in 2013:
If you’re already familiar with rebates from electric utilities and government organizations in your area, you may notice that the dollar amounts for most rebates have decreased over the past year. The average rebate for an LED replacement lamp has gone down by 7% since last January. Rebates amounts also decreased for LED fixtures: recessed down lights decreased by 66%, accent lighting by 12%, and high bay fixtures by 8%.
You needn’t be alarmed by these numbers, though. They’ve only been adjusted to match the lower prices of LEDs in 2013. Less money is necessary to make purchasing an LED financially attractive. Also, since there are over twice the programs this year, money is even more accessible.