eLight invest 100% of the capital cost associated with the design, supply, installation, operation and maintenance of energy efficient Lighting projects, interest free over a 3 year term with the energy savings achieved completely funding the project
We invest 100% of the capital cost associated with the design, supply, installation, operation and maintenance of energy efficient Lighting projects, interest free over a 3 year term with the energy savings achieved completely funding the project.
eLight enters into a project agreement with the owner or long term occupier of a property to finance and deliver a specified energy efficiency lighting upgrade. Under the project agreement, the Project Green Commercial fund can finance 100% of the capital cost associated with the design, installation, operation and maintenance of the project. Project Green Commercial along with our strategic partners Energia and Actavo Group deliver the works, including warranties and guarantees as to performance, based on existing use and replacement lighting.
Under the project agreement - or Energy Services Agreement - the complete project can be 'paid from savings' within the term. At the end of the contract term, the installed lighting and equipment and all the energy savings they generate are retained by the client.
In association with Energia, we are pleased to announce that we have secured substantial grant funding for projects completed within Project Green Commercial. All grants issued will be based on energy savings generated through each specific project and allocated to projects based on these calculations. All Project Green Commercial projects are eligible for this grant funding and the calculated amount will be deducted directly from the gross project cost.
The key benefits of energy efficient lighting include:
- Enduring Operating Cost Savings - electricity and gas prices have been increasing. Energy cost reduction represents a compelling and immediately addressable opportunity to reduce operating costs.
- Asset Upgrade and Value Uplift - commercial lighting energy efficiency projects will result in reduced maintenance and breakdown costs and improvements in operating standards and asset values.
- Carbon Emissions Reductions - compliance with building regulations, reduced costs under the CRC and CCL programs and contribution to sustainability and corporate social responsibility agenda.
- Highest Performance Standards - we only work with best-in-class energy services providers, with equipment and technology that is commercially proven and with warranties and guarantees as to performance from contractors and suppliers.
- Savings Cover Investment Cost - with Project Green Commercial projects, expected financial savings are greater than the costs and the returns can be based on actual measured and verified savings achieved by independent verification.