Lighting

Growing Shift to Energy-Efficiency-as-a-Service for Deep Retrofits & LED Lighting Upgrades

This article was written by Daphne Tomlinson, Independent Senior Research Associate at Memoori. The retrofit market in commercial and industrial buildings is undergoing a shift in how energy efficiency, lighting and other projects to optimize building technologies are obtained and managed. Organizations across the U.S are being offered a simpler way to access new energy technology. Although customers can save money with energy-efficient equipment upgrades, such as LED lighting or smart HVAC technology, widespread adoption in the commercial sector has been slow due to the fact that capital outlay is required and smart equipment upgrades are expensive. New business models are enabling businesses to access energy efficient products and services with no upfront costs for a single monthly payment. "As-a-Service" business models are defined as those in which the customer purchases a service or subscription from a third-party service provider that then delivers the service through assets it owns, maintains and improves. This shifts the […]

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