LED Rebates - More Opportunities Than Ever
As LED lighting solutions have continued to penetrate the market, rebate and incentive programs in North America have taken notice and revised their program offerings. Over the past few years, these programs have added new incentives for many types of LED solutions and worked to refine requirements for these products. In fact, according to our North American Rebate and Incentive Database, the number of rebate programs for LEDs has increased by 54% since January 2012!
While the number of programs that will accept LED solutions has increased, the actual rebate amount has decreased over the past year. For LED replacement lamps, the average rebate decreased by 7% since January 2012. For LED fixtures, the rebates also went down; high bay fixtures decreased by 8%, accent lighting by 12% and recessed down lights by 66%. These reductions are no need for alarm though, they 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. We have added a new category to the rebate snapshot: LED linear panels. These are LED retrofit kits or new fixtures that are meant to replace 1x4, 2x4 or 2x2 fluorescent fixtures.
This overview reflects the prescriptive programs currently available. Prescriptive rebates have detailed requirements for 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, lots of money is available for using LED solutions in your projects, but the process can be tricky. Besides the normal hassle of the rebate process (pre-approvals, inspections, deadlines, etc), LED programs may also have strict specifications for qualifying LED solutions. BriteSwitch can help you fully understand the programs to make sure you don't miss out on any money.