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Almost half of the energy consumed in the United States goes to use in commercial real estate. Since it costs less to use less energy than does to produce more power, government programs are financially motivating businesses to use less energy. This means business owners can upgrade their energy consuming systems with significant financial assistance from government and energy providers.
Most energy providers offer either a set amount of money for each device removed or replaced, or custom incentives at a rate of 30-50¢ per kilowatt of energy removed from the system. In many cases businesses are eligible for some combination of both. These energy provider incentives usually pay for 20-30% of the total cost of the project, but in many cases the energy rebates and incentives will pay for a larger portion. It is important that a professional review the rebate options to ensure the greatest savings.
The Energy Policy Act of 2005 (EPAct) created additional incentives though tax savings for building owners and tenants based on the use of energy efficient improvements. Section 179D offers a maximum potential tax deduction of $1.80/square foot of affected space. If your company occupies 50k square foot. of space you could get a refund of up to $30,000 for a lighting upgrade alone, and up to $90,000 for a total building upgrade.
The professional electricians at Lighatyear Technologies have been serving residential and commercial customers throughout the US for many years. We get it right the first time, delivering the most comprehensive electrical services including installation, upgrade, maintenance, and repair solutions available.
Whether it's designing a building layout, installing a custom-designed landscape lighting system, or rewiring a commercial structure, or other electrical services, you can call on Lightyear.
Educational facilities from colleges to grade schools are finding that they can achieve significant cost savings as well as reduce their carbon footprint by implementing a energy efficient measures such as lighting retrofits.
Through the use of technologies like occupancy sensors, photocells, and energy manamgent together we are showing the leaders of tomorrow the importance of reducing your carbon footprint. Don't trust your students to just anyone. LYT has helped one of the top ten school districts in the country reduce their footprint by over 4 MW annually since 2007!
Hotels can save thousands every day just by purchasing the right products, so Let LYT help you save green by going green today. Being green goes directly to your bottom line and to a higher long-term value of your property. Being Green Makes guests happy.
- Guest room energy management
- Recycling pickup
- Water Conservation
- Energy Efficient Lighting
- Occupancy Sensors and Other Controls
The professional electricians at Lightyear Technologies have been serving residential and commercial customers throughout the US for many years. We get it right the first time, delivering the most comprehensive electrical services including installation, upgrade, maintenance, and repair solutions available. You can feel confident calling Lightyear, knowing that our highly trained electricians will treat you and your property with the respect and attention to safety you deserve.