Many of the utility markets we serve have incentives available. These rebates can be locked in before you commit to a lighting project and are based on the energy savings the project produces (What other industry pays you to use less of their product?). At Parallax Lighting, we complete all of the paperwork necessary for you to receive the appropriate rebate on your project. Demand reduction credits and air quality incentives may also be available to assist with your project. Contact Us for more information.
Section 179 of the IRS tax code allows for-profit businesses to deduct the total cost of energy efficient commercial building upgrades in the year they are completed. This allows lighting upgrades to be fully expensed instead of depreciated over many years. Many companies find that the tax savings, combined with the utility rebates, are paying for nearly half of the cost of their new lights.
2020 Update: Section 179 spending cap raised, contact us for current information.
Multiple options exist for third party project financing. Capital equipment/operating leases enable you to enjoy the immediate benefits of an upgrade, while preserving positive cash flow. We offer leasing and PACE/Property Tax financing options.