Multiple Financial Options
As with any financing solution, the best option is the one that works best for your business. SPEC offers a full array of financing options that allow businesses the flexibility to choose what works best for them. When coupled with our large list of manufacturer relationships, it’s easy to see how we can assist just about any business in any situation. This program has no loan documents, no securitization of product, and no debt.
Our true LaaS (Lighting as a Service) program allows third party organizations to pay for the project and maintains the system on-going. A service fee is paid by the customer, which starts at about two-thirds of the energy savings initially and then transitions such that the customer keeps 90% of the savings. As the products reach end of life and need to be replaced, the third party pays for new product and installation. It is a perpetual program but does have provisions to be purchased.
When the project is paid for out of the utility savings, the positive cash flow can be recognized with the first lower energy bill! This makes the project a winner from day one and lets the business see a return without having to see red first!
SPEC is able to not only install the lighting project, but also support it with electricians and service teams nationwide.
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HERE ARE OUR FINANCING OPTIONS:
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Ascentium Capital – Equipment
Harness the power of Ascentium Capital with these industrial and commercial equipment financing options:
- Flexible Financing up to $1.5 million
- New or used equipment financing
- Financing, leasing & working capital
- Streamlined application-only for up to $250,000
- Fast credit decisions
- Pre-approval and deferred payment options
- 100% financing to bundle associated expense
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Energy Reduction Coalition Lighting as a Service (LaaS)
When you’re paying for a lighting project up front, the temptation to buy an inferior product to save a few bucks can be a strong one. When a business uses the LaaS model, they don’t have to worry as much about the upfront costs and can, instead, focus on the long-term ROI (return on Investment) which means focusing on quality and effectiveness of the chosen solution.
LaaS model is rooted in the energy savings produced by the project. When the project is paid for by those savings on a monthly basis versus as a capital project, a business can keep the cash they would normally use for projects like this in the bank and move the expense over to the operational side of the business. Depending on the exact terms and structure of your LaaS agreement, your lighting maintenance can be reduced or even eliminated over the course of the agreement.Why go with ERC financial solution?
- Immediate no cost conversion to energy efficient lighting
- No long-term commitment
- You do not book a long-term liability
- You do not invest capital, borrow funds, or sign a lease
- You enjoy an immediate and guaranteed reduction in lighting costs, minimum 20% growing to 60% for qualified interior lighting and 10% growing to 30% for qualified exterior lighting
- Your savings increase throughout the increasing benefit period
- All results are verified and adjusted by an annual measurement and verification reconciliation
- Savings are based on actual use and adjusted as usage changes
- You avoid all risks of product failure, changes in energy prices, changes in hours of usage, technological obsolescence
- You can opt out of the program after 2 years or buy out the lighting at their depreciated value at any time
- ERC pays the cost of maintenance; Product and Labor
- This program is NOT a lease, performance contract, ESCO agreement, or purchase agreement
- The ERC Lighting Conversion Program does not require minimum payments.
Rebates and incentives
Rebates and incentives will be researched and will be accounted in the project financial scheme.
Engineering drawing and permits
SPEC’s turnkey solution include the development of the construction drawings and taking them through the City/AHJ approvals and permitting process.
Rebates and incentives
Rebates and incentives will be researched and will be accounted in the project financial scheme.
Engineering drawing and permits
SPEC’s turnkey solution include the development of the construction drawings and taking them through the City/AHJ approvals and permitting process.
Rebates and incentives
Rebates and incentives will be researched and will be accounted in the project financial scheme.
Engineering drawing and permits
SPEC’s turnkey solution include the development of the construction drawings and taking them through the City/AHJ approvals and permitting process.