Greenville, SC – Commercial buildings represent over 80 billion square feet of space in the U.S. and consume 36% of all electricity, making them one of the largest generators of greenhouse gases. Hubbell Lighting today announced a new solution to cut electricity costs, enhance the quality of light and reduce the financial risk of upgrades–resulting in up to a 3% increase in net operating income while at the same time improving the property value and attractiveness for tenants.
The initiative, called createchange® consists of two innovative offerings from Hubbell Lighting:
- First is a suite of unique audit tools and other product selection resources, implemented with Hubbell Lighting consultants. These allow building owners to precisely forecast the economic impact of various lighting retrofit strategies and also identify any utility rebates that are available.
- Second is the solution called “Compare in the Air,” where Hubbell encourages customers to validate those cost saving estimates in the building, selecting and installing up to four Hubbell Lighting products and monitoring the results for up to 90 days. After that trial customers can decide to keep the products or return them for a full refund.
“In commercial buildings, lighting is the easiest and least costly energy consumer to upgrade,” said Scott Muse, President of Hubbell Lighting. “Our createchange® program offers property owners as close to a guaranteed savings as exists.”
The createchange® program includes a comprehensive evaluation of the building. New lighting and control devices can dramatically reduce energy and maintenance costs. For example, in a 150,000 sq. ft. building that operates 24 hours a day, simply changing out 150 hallway 75 watt incandescent downlights to Hubbell Lighting’s LED fixtures will save a building owner almost $27,000 a year.1
“The createchange® program for commercial buildings is even more powerful when coupled with our Cash Flow Positive program,” added Mr. Muse. “With a simple approval process, we will fund your entire lighting and controls upgrade; including all products, installation and project-related materials and services. Even better, wherever possible, we will structure the financing to ensure that energy cost savings are greater than monthly financing costs, which means most building owners will experience an immediate positive cash flow.”
To learn more about Hubbell Lighting’s createchange® program for commercial buildings, visit www.hubbelllighting.com/solutions/retrofit/applications/.
1Electricity rate: $0.11 per KWH and includes lighting energy, maintenance, HVAC and controls savings.Tagged with tED