Renewable Energy Incentives & Lighting Retrofits
Now, energy companies along with the federal government are offering renewable energy incentives when you make a move towards being more energy efficient.
Being energy efficient when it comes to your home or business can entail a variety of changes, from installing solar panels to simply using less water. It can be overwhelming as an environmentally conscious homeowner to know where to start with these changes. Especially when installing solar panels can cost upwards of $20,000 and includes slew of red tape as well. That’s where switching to LED lighting retrofit comes in.
If you’re on the lookout for renewable energy incentives that don’t require an immense amount of money or work up front, then this is the solution for you!
So, what exactly is an LED lighting retrofit? Well, it basically is just a fancy way of saying that you are converting your current home or business’s over to LED lighting technology. This will improve the lighting quality and energy efficiency of your space from top to bottom. Plus, don’t forget about the renewable energy incentives that will help pay for your project in no time at all! In fact, in many cases, the energy savings from a lighting retrofit were able to pay for the initial costs of the switch in as little as 2 years!
Other than the renewable energy incentives, are there any other perks to making the switch to a lighting retrofit?!
You bet! For starters, making the switch can result in a 20 to 30% increase in the overall quality of your lighting. Even better, your new LED lighting system won’t need replaced for 10 to 15 years after installation! In addition, when you make the decision to take on the project of upgrading your lighting technology, the project can be customized to meet your family or businesses unique lighting needs. One last reason to make the switch, it can reduce your yearly lighting costs by as much as 50%.
Some things to keep in mind when it comes to applying for and receiving renewable energy incentives.
The amount of money you receive in incentives is calculated by the total number of watts of power you save with your new and improved lighting system. In addition, you will also need appropriate documentation from your electrician or lighting contractor to provide your local energy company with proof that you did indeed make the switch to a lighting retrofit. Lastly, it makes the most financial sense to do this project and file for renewable energy incentives at the start of the calendar year. This way, you are able to take advantage of rebates before they are maxed out for the year.