Independence LED Offers Cash for T12 Clunkers
Independence LED Lighting, a leading US manufacturer of energy-efficient LED Tubes, has launched a comprehensive $10 million CASH for CLUNKERS Lighting program. The incentive covers the cost of regulated T12 tubes, proper disposal of the mercury-containing lamps and ballasts, and an LED Lighting Retrofit Return on Investment (ROI) Assessment.
The incentive is for US businesses that choose to retrofit with Independence LED Tubes, which are three times more energy-efficient and last three times longer than the obsolete T12s. To further assist qualified business owners, Independence LED provides $0-down financing programs providing net savings from the flip of the switch. The program runs through December 31, 2012.
With almost 1 billion T12 tubes in US properties, according to government data in an Independence LED T12 white paper released last year, the ban covers more than 30% of American linear lighting. The cost burden of the ban could reach $18.75 billion, given needs for higher-efficiency tubes, ballasts, and installation – a challenge for many business and building owners.
“This ban will have significant financial implications for American businesses. The CASH for CLUNKERS Cars and Appliances programs made an impact, so we decided to roll out a program to our customers for LED lighting efficiency retrofits,” said Charlie Szoradi, Chairman and CEO of Independence LED. “Now, our CASH for CLUNKERS Lighting and cash flow positive financing works well with available utility company incentives and federal tax benefits to make clear business sense for replacing T12s with LEDs today. Since the government has not offered cash for T12 clunker lighting, we took the private sector initiative to step up to meet this challenge.”
Since moving its manufacturing from China to Boyertown, PA, Independence LED has experienced over 300% growth in sales. Customers range from industrial distribution centers to Fortune 100 companies, and from independent business owners to national retail and service chains. In 2011, the company won the Green Business of the Year Award from the Main Line Chamber of Commerce.