Lighting As A Service (LaaS) is an upgrade option allowing businesses the ability to install energy-efficient LED lighting with no upfront capital. Additional benefits include reduced energy consumption, the elimination of maintenance costs and the reduction of carbon emissions.
With LaaS, businesses installing new energy efficient LED lighting can realize immediate energy savings and simultaneously reduce lighting maintenance. Monthly payments for the new LED lighting, installation, maintenance and power usage are prorated over contracted time period. LaaS programs are defined as a service agreement and can be designated as an operating expense instead of a capital expense. Cash flow is positive day one compared to other traditional procurement methods, and energy savings help pay for the program.