New scheme to help schools reduce energy
Published: 27 June 2012 - Joe Bush
Energys Group and Smart Eco Energy have announced a partnership with Utility Rentals to help schools to reduce their lighting energy costs through the provision of a funding scheme dedicated to schools.
This leasing scheme requires no capital investment and allows the school to pay for the equipment from the energy savings achieved.
Utility Rentals will work with both companies to provide a flexible operating lease which enables schools to benefit from energy saving technologies, including the retro-fit lighting converter Save It Easy from Energys Group.
As Utility Rentals work exclusively with the education sector, their lease solution is designed specifically with schools in mind and can be paid for using the school’s revenue budget. Flexible rental terms are available for schools and rentals can be structured in line with school budgets.
Kevin Cox, technical director at Energys Group, commented, “There are still thousands of schools using old, and inefficient fluorescent lighting and recent budget cuts make the funding of upgrades almost impossible.
“The Utility Rental lease scheme, which we will deliver in partnership with Smart Eco Energy, offers an innovative solution to funding challenges - instant energy savings with no up-front costs. Using this scheme we can specify the correct solution for the school using a mix of retro-fit technologies, new light fittings and LEDs and deliver it without any need for capital investment from the school - and in most cases there is a significant cash benefit due to the dramatically reduced energy bills.”
Under the Utility Rentals lease scheme, all of the lighting equipment is warranted for the duration of the lease period. Supply and fit of the equipment is included as standard, and all ongoing maintenance can be included in the package if needed. All of this can be covered by the lease’s periodic payments.