NEWARK, N.J.--(BUSINESS WIRE)--Lime Energy Co., a leading national provider of energy efficiency products and services to utilities and their commercial customers, announced today the successful rollout of its SAVE™ program in Florida. The first customer, Discount Music Center of Orlando, FL, received a no-cost upgrade to state-of-the-art LED lighting that, under the SAVE™ program, is guaranteed to generate energy savings every month. Orlando is one of several markets where Lime Energy is rolling out this new program offering in 2017.
The SAVE™ program makes it easy and affordable for small and medium-sized businesses to upgrade to high-efficiency lighting. Most of these businesses overpay for inefficient lighting and lack the capital for much needed equipment upgrades. Lime Energy’s SAVE™ program is designed to allow these businesses to benefit from the technology advances already achieved by larger companies and institutions. Under the program, Lime Energy provides a free energy assessment and installs new energy-efficient equipment, at no cost to the customer, that is customized to the specific business’s needs. Lime Energy guarantees monthly energy cost savings and bills the customer for only a portion of realized savings. The SAVE™ program allows businesses to permanently reduce their operating costs with no out-of-pocket expenses and no burden of debt.
“Lime is very excited to be helping our customers to realize the future of energy efficiency today,” said Adam Procell, President & CEO of Lime Energy. “Our new SAVE™ program attacks the barriers that have long kept so many US businesses from participating in the green economy, while helping utilities access much needed efficiency resources in the traditionally hard-to-reach commercial building sector. The economic and environmental benefits unlocked by this offering are critical to our communities and key to meeting goals for a re-envisioned energy system and the utility of the future.”
For the Discount Music Center and owner Steve Grier, the opportunity was too lucrative to pass up. A free energy assessment from Lime Energy showed that installing new LED lighting throughout the facility would offer significant and immediate energy savings. Presented with his payment options, Mr. Grier chose the 36-month shared savings term with an anticipated monthly savings of $842. Under the SAVE™ program, his monthly lighting upgrade payment will only be $632, allowing him to pocket $210 every month. “Listen, this deal almost falls under the category of too good to be true,” said Mr. Grier. “I refreshed all of my lights in my entire facility, I’m paying for it through my savings, and I’m pocketing a couple hundred dollars every month.” Discount Music Center is anticipated to save 9,144 kWh of electricity per month and return more than $7,500 to Mr. Grier during the 36-month shared savings term.
For more information about Lime Energy and the Orlando SAVE™ program, visit www.orlsaves.com.
About Lime Energy Co.
Lime Energy is building a new energy future. As a leading national provider of energy efficiency products and services to utilities and their commercial customers, Lime designs and implements direct install programs which consistently exceed program savings goals. Our award-winning, integrated services programs provide utilities with reliable energy efficiency resources while delivering the highest levels of customer satisfaction. This next generation approach is helping utilities across the country to go deeper and broader with the cheapest, cleanest and fastest energy resource that we have – energy efficiency.
