ENERGY REDUCTION SERVICES AGREEMENT (ERSA) PROGRAM
As one of our partners Photonic Capital, provides complete turn-key financing of energy saving measures through our proprietary ERSA Program. The ERSA Program allows organizations to lower their energy bills, improve lighting quality, and reduce carbon footprint with zero capital outlay.
Our ERSA Program covers all costs of manufacture, installation and maintenance of LED technologies which are custom fit to the requirements of the project and optimized for energy savings. Projects can include new and retrofit LED lighting fixtures and lamps, and controls such as occupancy sensors and emergency battery back-up lighting.
Our ERSA Program is a unique approach that utilizes the savings in electricity provided by LED lighting as the source of financing.
ERSA PROGRAM---HOW IT WORKS
Facilities Services Solutions (FSS) conducts an energy audit of the current lighting
FSS then ascertains the LED replacement lighting
FSS, based on wattage reduction and maintenance savings, calculates the energy savings
Reductions of 60-80% in energy lighting bills are typical
Client keeps 15-20% of the savings - for an immediate reduction in their lighting energy bill
Photonic Capital utilizes the balance of the energy savings to fund the cost of manufacturing and installation
Photonic Capital finances these costs over a 5-year term using fixed monthly payments
FSS will provide the warranties and maintain all products over the entire financing term
Since the lights are financed via energy savings in the Utility Expense line, this approach has positive balance sheet options over a Capital Lease type approach.
Immediate Energy Savings. High Quality LED Lights Installed. Zero Capital Outlay.
Energy is expensive:
Energy is the largest single operating expense in US commercial buildings*
Lighting requires energy:
Traditional lighting uses more energy than any other equipment, nearly 40% of total consumption *
*Source: US Energy Information Administration www.eia.gov
We invest to generate real energy saving:
We manufacture and install LED lighting that we invest to generate real energy savings.
We manufacture and install LED lighting that lowers lighting expenses by 50-80%, at no cost to you.
We share in the savings with you:
You capture long-term savings in operational expenses, immediately.
We cover all maintenance costs:
You stop paying for burned-out bulbs and ballasts.
We improve your lighting:
Perfect brightness and color throughout your facilities means a superior work environment.
We decrease your carbon footprint:
Let us do the right thing for you, you’ll get the credit.
We increase the value of property:
Lower expenses = higher net operating income (NOI) = higher value. No CAPITAL EXPENSE required.