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Lighting Energy Services Agreement “LESA”

No Upfront Costs, Shared Energy Savings and Free Installation

KLED can offer customers a Lighting Energy Services Agreement “LESA” from a major Irish Energy supplier. This incredible services agreement can create energy and maintenance savings from day one at no upfront cost.

One of our bespoke packages offers an upfront grant as well as a reduced energy bill for a minimum of three years.

KLED specifies and supplies the lighting equipment, using our in house design and technical expertise. Our energy partner pays KLED and finances the installation.

You pay for the new LED lighting services by sharing energy savings with the energy partner over three or five years.

You do not have to change energy supplier. You deal exclusively with our energy supplier. KLED supports the process.

LESAs are available only in the UK and Ireland for a limited period whilst grant funding lasts.

Energy Savings Grants

KLED works with all of the Irish energy companies to ensure you receive the largest energy saving grant for your project.

The grants are based on energy savings and can amount to 30% of total CAPEX.

These grants are available for a limited period only.

Energy Saving and Asset Performance Insurance

KLED can offer customers an energy savings insurance policy which underwrites the energy savings we calculate in our proposals. The policy also underpins our product warranty with the performance of the lighting equipment we install underwritten for five years. The insurer is AA rated Munich Re.

LED Finance

KLED can offer customers an energy savings insurance policy which underwrites the energy savings we calculate in our proposals. The policy also underpins our product warranty with the performance of the lighting equipment we install underwritten for five years. The insurer is AA rated Munich Re.

KLED can arrange HP, loan and lease finance for our customers’ LED installations, subject to standard borrower covenants, terms and conditions. In nearly all cases the total cost of the LED finance repayments over the agreement term are less than the value of the energy savings from retro fitting LED lighting.

Loan or lease terms are completely flexible, typically three to seven years. Finance agreement terms are designed to be substantially shorter than the typical 50,000 hour useful life of a KLED lighting fixture. In most cases we are able to arrange interest rates that are less than the senior lending rates that your organisation can achieve.

Payment terms of the finance agreements are tailored to your organisation's needs and can mirror your energy payment schedule. Our goal is to finance your installation with no upfront cost and at lower rates than you can achieve yourself. Our products are designed to take advantage of capital allowances, grants and other energy friendly product incentives.

Debt Funding and Structuring

Some prime borrowers prefer to use their cash reserves than seek additional balance sheet finance. KLED can arrange off balance sheet finance, a zero equity commitment lease or rental finance. KLED works with a global network of finance providers in the lease and loan markets to fund those transactions that other LED vendors find too challenging.

In partnership with our financiers, KLED is able to assist our clients source debt funding via the hire purchase, lease, credit fund and private lending markets at attractive rates. We are well placed to arrange finance for companies that have been subject to leveraged buyouts, restructurings, those that have come out of administration and well as those companies that are experiencing loss making periods in the short term.