Rebates Drive Lighting Retrofits

Rebates and tax incentives helped this Kansas City warehouse update their lighting to save on costs and monthly utilities.

Light emitting diodes (LEDs) are more prevalent in lighting retrofits, especially as many companies are looking to their utilities to provide rebates. The rebates offer a large energy savings that takes reduces upfront costs.

“Utilities across the country show limited prescriptive rebate support for LED lighting,” found a report by Groom Energy and GTM research. And the number keeps growing.

In fact, four years ago, there was about $3.1 billion in total U.S. rebate dollars. And the numbers are expected to more than double in coming years, from $7.4 billion to $12.4 billion available in 2020.

There’s no coincidence that the LED market is growing as well. LEDs are one of the fastest growing light replacements to traditional fluorescent lights and offer a higher energy efficiency. It’s no wonder that the increased utility funds will help push LEDs into the commercial and industrial mainstream.

Source: Green Tech Media