LED Retrofit Lease
Modern Commercial Capital’s Green Lease Program (GLP) is a unique system designed to save you money, and allow you to upgrade your facilities with state-of-the-art lighting technology with no money paid up-front and guaranteed savings. The GLP is designed to:
- Provide an actual reduction in total cost of lighting including the electrical utility cost attributable to lighting
- Option of a zero advance cost program as well as various financing options that can include payment at the time of contracting
- Financing is typically five years, however can vary from one to ten years, according to your need
LED Retrofit Program / GLP Highlights
- ZERO out of pocket expenditure on LED retrofit
- Redesign of lighting to IESNA specifications
- Reduces A/C loads by 1 kilowatt for every 3 kilowatts of lighting energy saved ($150-200 per ton of A/C saved with LED cool technology)
- NO Mercury, Cadmium or Lead
- NO UV or Infrared to degrade artwork or fabrics Average lifetime (can be longer)
- 75,000 hours (translates to nearly 9 years running 24/7; and nearly 18 years at 12/7
- Eliminates disposal fees of fluorescents
- Reduces your maintenance bills on bulb and ballast replacement
- Reduces overall carbon footprint by eliminating mercury-laden lighting
- Dark Sky Compliant – Highly direction lighting will not cause light pollution
- Installation by your people or ours…and we pay!
- POSITIVE CASH FLOW back to your budget!
- We are paid through savings on your electric bill
Our Process
Once the lighting retrofits has been designed, we will work with you to determine the scope of the GLP specifics that work best for you. This
unique funding mechanism allows for Modern Commercial Capital to collect our fees only when you have begun to demonstrably save money on energy costs by LED Lighting
Systems.
The savings will be determined by the length of the management contract made before the
LED retrofit. A longer contract will release more cash immediately into your budget, or you may wish to complete the obligation more quickly, with
less cash produced for immediate needs. Modern Commercial Capital will work with you to find the lighting retrofits program that best suits your needs.