Lighting as a Service (LaaS)
Don' Have the capital to invest at this present moment, but the project makes sense? We give our customers the option to lease the project from us through a capital lease to pay for the project over 36, 48 or even 60 months. At the end of the lease, you simply buy the project outright for $1.00. We aim to get your monthly savings to be greater than your monthly lease payment. Therefore, you have no money out of pocket, and your monthly cash flow is positive from day one.
179 Depreciation
Under current tax laws in the U.S, you can write off the entire project cost at an accelerated depreciation, therefore claming the entire project cost as a tax deduction in year 1. That means if you are at the 35% tax bracket, you will get a 35% tax credit based on the actual project cost to complete the project this year. We always advise you to speak with your Certified Professional Accountant regarding this program.
Example Lease Option
Manufacturing Facility
Total Project Cost = $100,000
Incentive = $50,000
Final Customer Cost = $50,000
Monthly $ Savings = $3,928.97
Payback = 1.0 Years
Annual ROI% = 100%
Leasing Option - 60 Months - $100,000
Monthly Payment - $2,000
Monthly Savings - $3,928.97
Net Monthly Cash Flow - $1,928.97 for 5 Years
10 Year Savings - $367,000
Income Generated - $50,000
Tax Credit - $35,000
Money Out of Pocket - $0.00
In the example above, our customer decided to lease the project rather than paying for the project up front. In doing so, they are saving over $25,000 annualy for the first five years, and they will save upwards of $350,000 over the 10 year project lifecycle. In addition to this, they received the $50,000 incentive check as income, and received an approximate $35,000 tax credit by using the 2018 - 179 Depreciation. The customer never paid a penny for this project, and realized huge savings, additional income, and was able to take advantage of huge tax savings.