We recently completed a major lighting upgrade for one of our clients, a 62-unit apartment-style building. The project involved swapping out 118 light fixtures, improving both efficiency and the overall look of the property.
Here’s where it gets interesting:
- Total project cost: $50,000
- Eversource rebate: $23,000
- Remaining balance: $27,000, financed over 5 years right on the client’s electric bill
By taking advantage of utility incentives, this project essentially paid for itself. In fact, after all is said and done, the building now enjoys a net electrical savings of $110 per month – all while reducing energy usage and maintenance costs.
This is a great example of how energy upgrades don’t have to be a financial burden. With the right planning, resources, and partnerships, a $50,000 project can feel almost…free.
Opportunities like this don’t happen by accident. A knowledgeable management partner understands how to leverage rebates, financing options, and vendor relationships to maximize savings and minimize out-of-pocket costs. Without the right guidance, projects like these can end up costing far more, or worse, never get off the ground.
Here are a few photos:
