Jun 26 2014
In the U.S., lighting accounts for approximately 23% of a hotel’s energy cost. To expedite and encourage savings, Hubbell Lighting announced today a new energy efficient lighting program to cut hospitality electricity costs by 60%, translating to a 5.58% increase in profitability.
In the U.S., lighting accounts for approximately 23% of a hotel's energy cost. To expedite and encourage savings, Hubbell Lighting announced a new energy efficient lighting program to cut hospitality electricity costs by 60%, translating to a 5.58% increase in profitability (Graphic: Business Wire)
The initiative, called createchange® consists of two innovative offerings from Hubbell Lighting:
- A suite of unique audit tools and other product selection resources implemented with Hubbell Lighting consultants that allow hotels to precisely forecast the economic impact of various lighting retrofit strategies and identify any utility rebates that are available.
- A 90-day risk-free trial program called “Compare in the Air,” which allows customers to validate cost saving estimates in buildings or outdoor environments with up to four Hubbell Lighting products. After the trial period, customers can decide to keep the products or return them for a full refund.
“Making the change to energy efficient lighting and controls offers hotel owners an incredible opportunity to make their businesses more profitable,” said Scott Muse, President of Hubbell Lighting. “Our createchange® program offers the hospitality industry as close to a guaranteed energy and maintenance savings as exists.”
The createchange® program includes a comprehensive evaluation of hospitality lighting solutions for lobbies, conference rooms, meeting rooms, common areas, building exteriors, landscapes, signage, parking lots, and garages. For example, simply replacing 15 lobby quartz 500 watt downlights with Prescolite’s MegaLum LED downlights will save the business approximately $17,063 a year1—the equivalent of approximately 262 additional rooms booked annually.2
“The createchange® program for the hospitality industry is even more powerful when coupled with our Cash Flow Positive program,” added Muse. “With a simple approval process, we will fund your entire lighting and controls upgrade; including all products, installation and project-related materials and services. Even better, wherever possible, we will structure the financing to ensure that energy cost savings are greater than monthly financing costs, which means that hotels will experience an immediate positive cash flow.”
With Hubbell Lighting’s Cash Flow Positive program, hotels can receive no down payment, 100% fixed rate, long-term financing usually approved in 24-48 hours that does not impact existing lines of credit or hinder their ability to borrow in the future.
“We are in a situation today where the economic advantages of new lighting technologies are a given,” remarked Muse. “Now we need to spur adoption. That is why createchange® is so important.”