Have you considered renting your company’s lighting system instead of buying it? This way of financing your lighting system not only exists, but is also smart from an environmental and financial point of view.
For companies as well as local authorities, renting indoor or outdoor lighting systems is not only possible, but also beneficial from a financial and ecological point of view. This option makes it easier to adopt modern, less energy-hungry equipment.
Renting: an energy efficient and cost-effective solution
Lighting contributes heavily to a company’s or a local authority’s electricity bill: in order to reduce costs, you must thus choose your lighting equipment, as well as the way to finance it, wisely.
In comparison to renting, taking out a loan to buy the lighting systems is lot less flexible: by purchasing them, you lock yourself in to keeping them for a long time, unless you want to make multiple purchases within a short time. So, you won’t be able to easily upgrade them when new, more energy efficient models come onto the market. It’s a missed opportunity for energy savings.
Renting, on the other hand, gives you a lot of flexibility. “Renting is a flexible solution allowing for the rapid deployment of lighting renovation projects suited to buildings or public lighting,” says Alain Escoffier, General Manager of BNP Paribas Leasing Solutions in France (1).
By renting their lighting equipment, public authorities and companies can replace it at the end of each contract without any major impact on their budget. In other words: with renting, you are always provided with the most up-to-date equipment, resulting in both lower electricity bills and a reduced environmental impact.
Ecological transition: the development of LEDs throughout Europe
In this dual approach of cost reduction and ecological conversion, many European companies and public authorities have adopted LED- lighting systems over the last decade, which are durable and consume very little energy in comparison to traditional lighting systems.
In 2007, the Italian village of Torraca was the first in the world to convert all of its street lights to this type of technology (2). In England, the Tesco distribution group has fully LED-lit stores since 2012 (3) and, in many large European cities like Paris, almost all new public lighting installations are now functioning with LEDs (4).
This boom has been accelerated by regulatory pressure. The sale of incandescent bulbs in the European Union was stopped in 2013. On September 1st , 2018, a European regulation prohibiting the sale of halogen bulbs entered into effect. All of these eco-friendly measures have pushed lighting users—households, professionals and public authorities—to equip themselves with LED lighting systems, and therefore, save energy.