By financing a lighting retrofit through Global Advance, our customers are able to preserve working capital for more pressing needs and eliminate a large up-front capital expenditure
San Jose, CA (PRWEB) February 24, 2015
Global Energy & Lighting, a manufacturer and distributor of energy efficient lighting systems, is pleased to announce Global Advance as a financing option for retrofit projects. According to the Institute for Building Efficiency, many organizations cite a lack of available capital as an obstacle to the implementation of energy efficiency projects. By providing financing options, Global Energy & Lighting allows those organizations to realize the savings its high-performance systems deliver immediately.
Advantages of the new offering include
➢ Flexible options including EFAs, $1 buyouts, PUTs and FMVs
➢ $10,000 to $1.5 million asset financing
➢ Deferred payment options
Bryan Lanphear, CEO of Global, commented, “By financing a lighting retrofit through Global Advance, our customers are able to preserve working capital for more pressing needs and eliminate a large up-front capital expenditure.”
Lanphear suggests considering a facility whose retrofit saves $6,000/month on energy costs with a project total of $200,000. Monthly lease payments would be approximately $5,000 on a 60-month term. In this scenario, the Global Advance option generates $1,000/month in positive cash flow during the lease term, after which the savings would directly improve the bottom line.
Additionally, the total rebate from the utility incentive could be retained and used for other purposes, while the entire project cost is spread into monthly payments over a period of 24 to 72 months. Global Advance is designed to function as either a dollar buyout lease, or a finance agreement. This allows the business to utilize the most suitable instrument for their business circumstances.
Global Energy & Lighting manufactures and distributes cost-effective, energy-efficient commercial lighting solutions. The executive team is headquartered in Eagle, Idaho, R&D in San Jose, with international sales offices located in Eastern and Western Asia.