Lunera Lighting as a Service is not a lease. Lighting as a Service is a turnkey service of Lunera Lighting designed to eliminate the need to make a CapEx decision for a lighting upgrade. It includes initial plug and play Lunera LED lamps, installation, project management, and contract period maintenance. Saved Energy service payments can be treated as off balance sheet transactions, which allows for rapid deployment. The company has already deployed this service over 45 million square feet.
- Financial impact: $0.75 per Sq Ft annually