Adopting LED Lighting for Green Opportunities - The Latest Subsidies and Incentives in North America for 2024

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Author : Fiona
Update time : 2024-06-03 15:40:57

In North America, governments and utility companies have been actively supporting growers in adopting energy-saving LED lighting technology. Currently, LED rebate and reward programs are flourishing, bringing significant direct and indirect savings to growers. However, timing is crucial for these incentive policies - as LED technology gradually becomes the industry standard, these support measures will be phased down or eliminated.

Why Now Is the Best Time to Switch to LED

Direct Savings
Compared to traditional high-pressure sodium (HPS) and metal halide (MH) lights, LED lights are more energy-efficient and effective. They use fewer watts to produce the same or even higher light output. Moreover, LED lights consume only the power of the light itself, whereas HPS and MH require additional energy to drive ballasts, resulting in higher actual power consumption.

Indirect Savings
HPS and MH emit a large amount of infrared heat radiation, which is not conducive to plant photosynthesis. This heat needs to be regulated by HVAC systems, significantly increasing electricity costs. In contrast, LEDs have lower heat output, reducing the demand on HVAC systems and thus achieving indirect energy savings.

Rebates and Rewards
Now is the best time to apply for LED rebates and rewards. These incentives usually range from 200350 per fixture and can cover 25-50% of the equipment purchase cost and 100% of the retrofitting expenses. However, remember that these incentive policies are not permanent, and the application process requires early planning.

Return on Investment Calculation
Taking into account both direct and indirect energy-saving benefits, plus rebates and rewards, the return on investment period for using LED lights can usually be achieved within one year. This not only enhances your competitiveness in the market but also significantly increases profit margins.

How We Can Help You
Our lighting planning team can tailor a complete LED lighting solution for you, including all materials required for applying for rebates and rewards. Let's seize this green opportunity together and help your business soar!

Want to learn more about LED rebates and rewards? Contact us.

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