In this blog, we will tell you more about our new program EnGo Utility that offers our solar-powered street lights with no upfront cost.
Street lighting is a necessary utility for any infrastructure, industrial or residential project and is taking a significant chunk of the budget. Other than that, it comes back with a monthly bill for electricity which again is a reoccurring expense. When it comes to budgeting of these type of projects, leasing of certain equipment will conserve and control cash. Generally, in terms of cost, solar street lights are a better investment than conventional street lights if the capital, as well as O&M costs, are considered. EnGoPlanet Utility program allows the investor to keep the projected budget intended for purchase, installation, and maintenance of the lighting network, for a fixed monthly fee.
The economic benefits of this program are saving working capital for day to day business expenses, business expansions, or unexpected business-related expenses. With predictable monthly expenses, you can develop long-term plans for your business with confidence and get your project set up with the equipment you need while keeping your cash flow available for other expenditures. Preserving working capital that you wouldn’t have access to if you had to purchase the equipment upfront, can be a game-changer, as it keeps you financially liquid.
Installation and maintenance is another strong argument that supports the EnGo Utility program. Traditional lighting requires high installation costs which include digging trenches for cabling for electricity, which takes a lot of labor time and is very difficult for maintenance. With Solar lights, there would be no underground digging and no cabling. The battery is stored inside the unit, and the unit is completely off the grid. Maintenance can be done directly on the unit, with minimum effort as it is simply part replacement (battery, controller, driver, or the whole unit).
Our service is suitable for both new and retrofit projects. There are projects which have the existing infrastructure but want to go solar and be off the grid. Also, there are many locations that still use High-Pressure Sodium Lamps (HPS) that are high energy consumers and need replacement. Regarding the new projects that plan to use energy-efficient and sustainable solutions from the beginning, and minimize the use of energy from the network with no consumption of fossil fuel, this program is a perfect solution. Another important aspect of solar street lighting, in general, are safety measures. Due to the absence of external wires, these lights do not pose any threat of accidents like electrocution, strangulation, and overheating. In fact, solar lights illuminate the streets throughout the night irrespective of power cuts and grid failures.
Other than that, the shift from traditional light to solar light is an increasing trend. Overall ecological benefits of using renewable energy source is a way to do the future. Solar street lights are a delight for environmentalists around the world as it can provide a significant lowering of the carbon footprint of individuals, homes, and businesses. In other words, solar-powered lights are a perfect green lighting solution. EnGo Utility program does not require any upfront payment but uses a PAY AS YOU SAVE financing model. This concept is based on spreading the cost of street light purchase, installation, and maintenance over a substantial period of time. Therefore, for a fixed monthly cost the investor receives a whole service. The duration of the contract is 10 years, with an option to either cancel, where all the lights will stay in the clients’ ownership or continue with the same program. The process is done in 5 steps: 1) We analyze all the criteria of the clients' location, the area to be lit, and the desired level, among other parameters. 2) Our experts will then propose adequate solar lighting solutions which are designed and adapted to specific project requirements. 3) We will provide a complete simulation of proposed lighting and present a total monthly cost per unit. 4) Contract signing. 5) Installation and deployment. To summarize all the given aspects of EnGo Utility program, here are 10 KEY BENEFITS: 1) Sustainable & Affordable alternative to the utility connected streetlights. 2) Clean energy usage. 3) No upfront cost. Instant savings. 4) Shorter installation time and no underground infrastructure costs. 5) 365 days lighting performance is guaranteed. 6) Maintenance and repair are included in the program. 7) Receive LEED credits and improve your Green Building credentials. 8) Suitable for retrofit and new installations. 9) Fixed and predictive cost. 10) Improve energy resilience. No blackouts. Let our lights get powered by the Sun! For more information please visit https://www.engoplanet.com/