New funding scheme helps schools reduce energy costs
Energys Group and Smart Eco Energy Ltd. have announced a partnership with Utility Rentals to help schools significantly reduce their lighting energy costs through the provision of a funding scheme dedicated to schools.
This leasing scheme requires no capital investment and allows the school to pay for the equipment from the energy savings achieved.
Utility Rentals will work with both companies to provide a flexible operating lease that enables schools to benefit from energy saving technologies. This includes the retrofit lighting converter Save It Easy.
The patented plug-in adapter allows schools to replace old style fluorescent lamps with energy-efficient equivalents. It uses existing light fittings and wiring and generally there are no modifications required, resulting in minimal disruption to schools during the installation period. Once installed, Save It Easy can help schools unlock energy savings of up to 65%. This is usually sufficient to more than cover the cost of a school’s annual rental for Save It Easy lighting, thus helping the school to free up capital for other projects.
In addition to utilising Save It Easy, the scheme supports the use of a range of lighting solutions including retrofit technologies, new light fittings and state-of-the-art LED lighting options.
As Utility Rentals work exclusively with the education sector, their lease solution is designed specifically with schools in mind and is a proven operating lease, which can be paid for using the school’s revenue budget. Flexible rental terms are available for schools and rentals can be structured in line with school budgets.
Kevin Cox, Technical Director at Energys Group, comments: “There are still thousands of schools using old, inefficient fluorescent lighting and recent budget-cuts make the funding of upgrades almost impossible. The Utility Rental lease scheme, which we will deliver in partnership with Smart Eco Energy Ltd., offers a solution to funding challenges; instant energy savings with no up-front costs. Using this scheme we can specify the correct solution for the school using a mix of retrofit technologies, new light fittings and LED and deliver it without any need for capital investment from the school – and in most cases there is a significant cash benefit due to the dramatically reduced energy bills.”
Under the Utility Rental lease scheme, all of the lighting equipment is warranted for the duration of the lease period. Supply and fit of the equipment is included as standard and all on-going maintenance can be included in the package if needed. All of this can be covered by the lease’s periodic payments.
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