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Hubbell Lighting Announces New Retrofit Project

Hubbell Lighting 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. Coupled with
the company¹s 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 company¹s 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.

 

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