Think of the traditional lighting contracting where you pay a lump sum as Yellow Cab, and think our lighting as a service as EverWatt’s lighting as a service as Uber. It’s just a better product, but it’s new. By lighting as a service, we mean that EverWatt installs the lights for free, and you pay nothing until your first lower power bill. Then for four years, EverWatt warranties, maintains, services, and takes care of everything concerning your new LED lights, and you pay us a fraction of the savings off your power bill.
In short: save money immediately, pay nothing upfront, and never have a negative capital outlay. You don’t have to budget for this, instead you get to decide what to do with the newfound extra money in your monthly budget.
It’s perfect for any business that wants better lighting and to save some money each month, but would rather not fund such a project out of their budget.
As an additional bonus, EverWatt is the manufacturer. This is a big part of why we can offer such a service. Offering direct to your business, with no distributors, supply stores, regional reps, etc, marking it up along the way, we can both keep the costs such that you save money immediately, as well as control the quality of the lights and make sure they don’t go out on you.
Who is eligible?
Lighting as a service is available to non-residential customers that meet the following conditions:
- You must be a business or a federal, state, county or local government agency (see below).
- You must pay the electricity bill for your business (although if this is not the case there are still options if you have a good relationship with the owner of the building).
- You must have had an active account with your utility for over one year.
- Your business must be in good standing with the utility as well as from a business credit perspective.
- The project must generate a net immediate savings for you see below.
- We must have an active preferred contractor in your area or be able to approve your current contractor for our installation network.
I’m interested How do I get Started Now?
Simply fill out our site survey form here, and we’ll send you a proposal for no-upfront-cost financing of your LED retrofit.
How does it work?
There are zero installation costs whatsoever for EverWatt lighting as a service agreements, EverWatt finances the retrofit of your lights and installs them through a partnered contractor. The business then pays a monthly fee that is guaranteed to be less than the monthly savings of the project for a period of four years, so you are guaranteed to save money and never make a capital outlay. Plus, after the agreement term ends, your savings continue while the payment does not. We also monitor, maintain, and service the lights, in the rare case that one happens to go out. The savings are determined by the project cost (labor, light selection, available rebates, etc .) as well as the potential savings (current electricity costs and reduction made by the replacement). To qualify for lighting as a service, a project’s estimated energy savings must be sufficient to pay for the fees during the four year agreement term. Savings will vary from project to project, from utility to utility, from state to state, etc ., but if you are approved, you are guaranteed to save money every month without ever paying more than you’re saving.
Does it work for government agencies?
Yes (most of the time). We define a government agency as anything that uses tax revenue to pay its electricity bill, like (and these are just a few) schools, hospitals, universities, public transportation, public libraries and city, state, and federal government offices. We have considerable experience working through the standard government RFP and RFQ processes and can work with you directly on this.
Can I work with my own contractor?
Very likely. A customer may choose to work with any contractor of their choice that meets our qualifications (most do) in order to install qualifying EverWatt fixtures. Your EverWatt account representative will walk you through this process. If you do not have a contractor you normally use for your business, no problem, we’ll provide one from our preferred network of local contractors.
I AM a contractor. How do sign up to be able to offer this to my customers?
That’s easy, we’re always looking for preferred partners around the country. Simply call or email us at the number/email at the top of the website and approval is a very simple and painless process. We can also help you with project ROI analysis and proposal generation for your clients.
What if the final scope of the project changes along the way?
If the final scope of the project differs from the scope detailed in the original agreement or quote, a “Lighting as a service modification agreement” may be required. For projects where the final quote amount changes by less than the allowed amount and there is no change to the agreement term, a loan modification may be requested, but may not be required. When necessary, the lighting as a service team will contact the customer to notify them of any changes. The modification agreement must be signed by an authorized representative of the customer, who is authorized to undertake a financial obligation on behalf of their business.