Financial Incentives
Investing in energy conservation now can pay huge dividends in the future! As energy prices rise so will your operating expenses and so will your savings if you act now. Monthly savings can quickly pay for project costs leaving you with lower operating costs.
Let someone else help share the cost! Oregon Department of Energy tax credits and Energy Trust incentives make now a perfect time to invest in energy conservation. Both programs are designed as an incentive for companies to invest in energy conservation and are intended to shorten ROI (Return of Investment) times. Between the two programs 50%-85% of the project cost can be paid for you.
Don’t have the capital? Public and private loans as well as lease options limit out of pocket expense and energy savings can be substantially higher than payment leaving you with a net income from the day your project is completed.
More information on financial incentives.
Environmental Issues
Reduced consumption of fossil fuels! While renewable energy sources are available much of our energy still comes from natural gas, coal and oil.
Lower demand for new energy plants! Energy saving created by a lighting project on a medium sized shop can be enough to power 10 or more new homes. Savings created by other types of projects can produce even higher savings. Large projects could power hundreds or thousands of homes.
More information on environmental incentives.
Other Incentives
Wide range of additional benefits! Lighting projects can make products more attractive in a retail setting or provide a better quality light that makes inspection processes easier in manufacturing/workshop settings. By replacing older equipment with new more efficient equipment can result in less maintenance and less down time.