Budget from Savings Funding Scheme

For those planning an immediate and substantial reduction in lighting energy use, the mobilising of funds need not be a problem. The ‘Budget from Savings’ funding scheme offered with Save It Easy® avoids any need for capital allocation.

How the Scheme Works

‘Budget from Savings’ is an externally funded operating lease whereby the savings achieved by use of Save It Easy® more than pay for rental and maintenance of the product and keep all financial elements ‘off balance sheet’.

The client pays a quarterly charge for a minimum committed period (usually 3 - 5 years) with payments coming out of the same operating budget that is benefiting from the savings. In short, the units pay for themselves. At the end of the initial rental period, usage can be continued on a reduced “fair market value” basis.

Key Scheme Features

Predictable profitability
Project and payback assessment is a standard part of the Save It Easy® sales process. The extent and timing of energy, cost and carbon savings are clearly predicted and an operating lease will only be offered if calculations show clear and substantial profit for the client.

Immediate user advantage
From the outset users gain the significant energy savings offered by Save It Easy® conversion, without the lost opportunity represented by lengthy postponements or possible eventual failure of attempts to mobilise funds from already hard-pressed capital budgets.

Tailored arrangements
Within the general scheme structure each rental is individually negotiated with the user, permitting a degree of tailoring to the client’s particular needs. Moreover, unlike ‘Contract Energy Management’, requiring a percentage payment on all savings made, the rate is fixed and all returns exceeding rental payment remain with the client.

Maximised benefits
The user value of a Save It Easy® operating lease derives from the two major benefits offered by the product – high energy savings and low cost relative to the high capital demands of luminaire replacement. Both benefits combine to give payback levels and timescales offering a healthy surplus on operating lease arrangements.