What is Lighting as a Service? (LaaS)

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What is Lighting as a Service? How Can It Help my Business?

Are you considering an LED lighting conversion, but unsure if it fits within your business’ budget?

You aren’t alone. An LED lighting conversion is an expensive but a necessary investment, for significant reduction in energy and maintenance expenses. 

The fear of a large up-front investment often leads companies to putting the project off — eliminating immediate cost savings and significant bottom line growth.

What if there were a way for you to enjoy all of the benefits of a complete lighting conversion without the hefty up-front investment? Luckily, there is.

Introducing Lighting as a Service (LaaS). MultiSite's Turnkey Solution Will Do All the Work for You While Eliminating the Upfront Investment.

We’ll take care of every aspect—from assessment to design and specification,  navigating through incentive program paperwork, to the installation and beyond.

MultiSite LED works closely with its LED lighting manufacturers, to produce top-of-the-line quality LED lighting solutions that will dramatically reduce your maintenance expenses.

And you’ll have one point of contact for all of your future lighting service and maintenance. 

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How Does Lighting as a Service (LaaS) Work?

In recent years we’ve seen a number of industries tend toward a monthly-subscription model. You used to buy DVDs or go to Blockbuster to rent the latest movie. Now, you subscribe to Netflix. We used to buy CDs too.

Now you’re better served with a low-priced Spotify subscription. Businesses used to invest in hard drives for backups and storage space. Now they can subscribe to Dropbox or Google Drive to ensure they safely store all of their valuable business data.

In these examples, not only do customers and businesses enjoy the ease-of-use of their monthly subscription packages, but they also save money and receive a better service overall. It makes sense for customers to invest the $10 per month.  

Lighting as a service is the same idea but applied to your investment in lighting.

Instead of investing heavily up front in lighting equipment, installation fees, and building upgrades, MultiSite LED handles all of that on an ongoing basis for a single low monthly fee. We will come to your location and install the lights, install the warranty, and set your business up with a modern high-efficiency lighting system.

The money that you save on upfront costs can then be budgeted for the monthly price you agree to pay for the ongoing lighting service. Not only does LaaS ensure that you are able to receive the most efficient modern lighting systems, but it also ensures that your system stays consistently updated with new hardware and free repairs throughout the life of your contract.

lighting as a service LaaS
lighting as a service

An Industry Primed for Growth

The lighting as a service industry is one that is primed for growth. The benefits are just too valuable for businesses to pass up. As a result, the industry has grown rapidly and will be worth an estimated $638.7 million by 2021.

Another reason for the rapid growth in the industry comes from the fact that lighting systems are quickly converging with smart Internet of Things (IoT) technology.

This convergence will drive demand for lighting as a service as more companies look to enjoy the benefits of a modern smart lighting system without the large upfront investment and hassle of setting the system up.

The industry will skew heavily toward commercial, indoor users. This is due in part due to the rapid growth in demand for electricity from the commercial sector. Still, LaaS provides many of the same benefits to outdoor applications, making it a well-rounded approach to complete commercial building lighting.

 

 

Benefits of LaaS

So what makes lighting as a service so irresistible for businesses? We’ve covered some of the highlights, but the benefit of choosing LaaS over a traditional retrofit are actually more numerous than you might officially think. 

Some of these benefits include:

No upfront investment. 

Modern high-efficiency equipment is installed at your location as part of your ongoing monthly plan. You don’t have to invest in expensive equipment from the outset. This improves your company’s cash flow in the near-term.

Enjoy frequent upgrades throughout the life of your contract. 

When lighting technology evolves and changes, your business will too. Lighting as a service agreements typically include regular guaranteed updates to your hardware to make sure that your business is on the cutting edge of energy efficiency and lighting design.

Energy Savings

The equipment installed and all successive upgrades will continually work to make your business more energy efficiency. This means ongoing savings on your energy bills and the ability for your company to more easily complete your green initiatives.

Repairs are handled by MultiSite LED

You’ll never have to pay for another burn out, damaged equipment, or faulty lighting again. MultiSite LED will be responsible for ensuring that your lighting system remains in tip-top shape throughout its use.

 

Stay ahead of local and federal requirements

As the requirements for energy efficiency change more regularly, it’s nice to know that your business is ahead of the curve. Have peace of mind in knowing that MultiSite LED is making sure that you comply with the latest standards.

These benefits are a big reason why the LaaS industry has grown so rapidly in recent years. It’s an attractive option for businesses that want a reliable, consistent lighting service without the large upfront investment.

Learn More About LaaS

Interested in learning more about lighting as a service? We’re here to help. Contact us today to schedule your initial consultation and learn what LaaS can do for your business.

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