Hubbell Lighting today announced an innovative program focused on accelerating the adoption of energy efficient lighting and controls technologies called "createchange". The initiative helps end users see through and beyond what many find as an uncertain process to envision what the impact of energy efficient retrofit solutions look like at their facilities. With createchange®, Hubbell Lighting has made retrofit projects easy with a comprehensive suite of tools and services available at its site. Coupled with the company's recently announced flexible funding program called Cash Flow Positive, the programs give customers the resources they need to maximize energy savings and ensure project success.
"Innovative technology alone is not enough. Today, we need a second kind of innovation–one that requires us to make adoption of technology as painless and risk free as possible," said Scott Muse, President of Hubbell Lighting. "If our customers see that we are walking the talk, that we are standing behind our solutions, that we are willing to shoulder financial risk to accelerate energy efficiency, we will push past the emotional and economic barriers to fully realize the promise of innovation. Our createchange® and Cash Flow Positive programs do precisely this."
A crucial part of the createchange® program is "Compare in the Air". Once customers have plotted their retrofit through using the company's audit tools, Hubbell Lighting will allow them to test those plans in real time at their facility with no risk. Specifically, customers can select and install up to four Hubbell products and monitor the results for 90 days. After experiencing this, customers can decide either to keep the products and move forward with their lighting retrofit project, or return them for a full refund.
The createchange® program is significant because lighting represents 30% to 50% of the energy used in most facilities, according to the U.S. Department of Energy, and is the easiest and least costly energy consumer to upgrade. In fact, a well-executed lighting retrofit can reduce energy usage by up to 60%, translating into an improved EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of 17% for warehouses and manufacturing facilities, a 4% increase in earnings at automobile and truck dealerships, and a 3% increase in net operating income for commercial buildings.
