LED Prescriptive Programs Increase 39%
LED lamps and fixtures have quickly been adopted by commercial lighting incentive programs across the US. A few years ago, there were virtually no prescriptive programs for LED solutions. Today over 800 programs are available to commercial customers; an increase of 39% from June 2011!
While the growth in programs could have been expected, it maybe be surprising to learn that the average rebate amount for LED replacement lamps has decreased 18% since June 2011. Similarly, incentives for LED recessed down lights have also decreased by 11%. These reductions are mostly due to the cost of LEDs coming down over the last year, which means less incentive money is needed to make these solutions financially attractive.
The chart below shows a rebate analysis for just a few of the LED product categories.
Prescriptive Retrofit Programs for LED Products – January 2012
These statistics reflect the prescriptive programs currently published (prescriptive rebates specifically say which products will qualify for incentives). Additionally, rebates may also be negotiated using custom programs for areas that don't have a prescriptive measure for LEDs.
Overall, LED solutions can qualify for rebates in many locations, but the process can be tricky. Just like other products, it's important to know the current rules and guidelines of the rebate programs before choosing the lighting system for your upgrade. Programs may have strict requirements for which LED solutions will qualify for incentives. Choosing the wrong product can cost you a lot of rebate money.