New funding scheme helps schools
Energys Group and Smart Eco Energy Ltd have announced a partnership with Utility Rentals to help schools significantly reduce their lighting energy costs through the provision of a funding scheme dedicated to schools. This leasing scheme requires no capital investment and allows the school to pay for the equipment from the energy savings achieved.
Utility Rentals will work with both companies to provide a flexible operating lease which enables schools to benefit from energy saving technologies.
This includes the widely-adopted and industry leading retrofit lighting converter Save It Easy.
Save It Easy is a patented plug in adapter which allows schools to replace old style fluorescent lamps with energy efficient equivalents. It utilises existing light fittings and wiring which means that there are generally no modifications required, resulting in minimal disruption during the installation period.
Once installed, Save It Easy can help schools unlock energy savings of up to 65% which is usually sufficient to more than cover the cost of the annual rental for Save It Easy lighting, thus helping the school to free up budget for other critical projects.
In addition to generating significant energy savings, the scheme supports the use of a wide range of lighting solutions including retrofit technologies, new light fittings and LED lighting options.
As Utility Rentals work exclusively with the education sector, their lease solution is designed specifically with schools in mind and is a proven operating lease, which can be paid for using the school’s revenue budget. Flexible rental terms are available and rentals can be structured in line with school budgets.
Kevin Cox, Technical Director at Energys Group, says: “There are still thousands of schools using inefficient fluorescent lighting and budget cuts make the funding of upgrades almost impossible. The Utility Rental lease scheme provides an innovative solution to funding challenges offering instant energy savings with no up-front costs.”