Making the switch to LED lighting in your business can have a huge benefit on your business’s bottom line. LED lighting offers significant energy cost benefits, consuming 80% less energy on average compared to traditional incandescent, halogen or compact fluorescent alternatives.
However, the initial cost of investment in switching to this more sustainable alternative can be a barrier. For companies with large buildings, like warehouses, schools or offices, the cost of switching every individual bulb to an LED is significant.
Long-term energy savings inevitably follow, but the one-off cost of making the change serves as a deterrent for many businesses.
Commercial LED lighting finance can help spread the cost of your initial investment, helping your business maintain a stable cash flow and cut energy expenditure to grow more sustainably.
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What is LED lighting finance?
An LED (light-emitting diode) is a form of energy-efficient lighting product that uses far less energy than a traditional lightbulb. While expensive to install in lieu of incandescent bulbs, LED lighting’s lower energy emissions, longer lifespan, and improved durability make it a great alternative.
Commercial LED lighting finance helps businesses reduce their carbon emissions and increase profitability, without the need for a significant initial outlay to replace their existing lighting.
Due to the versatile nature of LED lighting, almost any facility will see a significant return on investment (RoI) after making the switch.
At Anglo Scottish, we work closely with businesses in a range of sectors, such as:
School LED lighting finance allows for energy-savings in educational spaces, while office LED lighting finance allows your company to conserve energy and boosts your sustainable credentials.
Warehouse LED lighting finance enables you to cut back on costs when it comes to energy consumption in your storage space and industrial LED lighting finance provides a way to spread the cost of LED investment in at an industrial site.
LED financing options
We offer a number of finance options that could assist your business with the purchase and installation of your commercial LED lighting. We offer asset finance arrangements on LED lighting systems, where the finance is secured against the cost of the asset.
These options include:
Hire purchase is a type of finance that allows your business to spread the cost of your LED lighting over an agreed period of time.
An operating lease is an agreement that allows your business to pay to use your LED lighting for a fixed period, without actually owning it.
A finance lease is similar to an operating lease, in that you can pay to use and benefit from LED lighting without actually owning it. However, unlike an operating lease, a finance lease will appear on the balance sheet of your business.
We can also offer commercial finance solutions to support you with the initial cost of upgrading your lighting system – commercial loans can be used for the first-time purchase of your new lighting.
Benefits of LED lighting finance
Installing LED lighting can have plenty of benefits for a business – most notably for the company’s bottom line, which benefits from the reduced energy consumption offered by LEDs.
The robust construction and longer lifespan of LEDs in comparison to traditional bulbs also means that your business could save on yearly maintenance costs once you install your LED lighting.
By improving your company’s environmental credentials, you could also enjoy an improved public perception.
There are also plenty of benefits in opting for commercial LED lighting finance over buying your LED lighting outright. Financing spreads the cost of the outlay, making it easier for your business to budget for the months ahead and maintaining a level of financial flexibility.
In many cases, your monthly payments for your office LED lighting finance or school LED lighting finance are 100% tax-deductible. Discuss with your accountant to confirm whether this applies to you.
Securing your LED lighting finance
Securing your LED lighting finance has never been simpler, whether you’re an industrial business, office, school or warehouse.
Simply work out how many LED installations you require for your building and get in touch with our expert team. We will then work with you to find out your business goals and identify the best financing option for you.
Thanks to our unique portfolio of over 70 funders, we pride ourselves on our ability to connect a wide range of businesses with the right funding for them. You may be able to access finance with Anglo Scottish that you were not eligible for elsewhere – so don’t be afraid to get in touch!
HOW IT WORKS
Decide on the asset you need to help your business.
Talk to us, our team fully understands your operational and managerial requirements and can help you find the best deal for you..
We will run through all of your available options and find the right agreement that will meet your needs.
Sign your document, once approved we’ll send you your documents to sign. After which we will transfer payment to your asset supplier
We’ll do a final check to make sure everything is running smoothly, and you can start reaping the benefits of your new asset.