How to raise money for LED sports lighting projects in New York?
When building or upgrading your sports facility, it’s vital to consider your lighting system. LED sports lighting is energy efficient, long-lasting, and provides superior light quality, making it the ideal choice for your project. But with any construction project, funding is always a concern. So how can you finance your LED sports lighting project in New York?
The good news is there are a few different options available to help fund your project in New York.
Both local utility companies and the state government offer fantastic rebate programs for installing or retrofitting your facility with new LED lights. These rebates can cover a large percentage of the project costs, making LED lights a very attractive option for anyone looking to upgrade their sports lighting.
Try our LED sports lighting cost calculator to get a customized cost breakdown for your lighting project.
State rebate program for LED sports lighting projects in New York
The first place to begin your search for LED sports lighting project funds is the state-sponsored rebate program.
The New York State Energy Research and Development Authority (NYSERDA) is a great resource for anyone looking to install energy-efficient upgrades in their facility. They offer a range of different rebates and incentives for a variety of projects, including LED sports lighting.
The exact amount of the rebate will depend on the specific project, but it can be up to $2 million for electric efficiency initiatives. So if you’re looking to install LED lights in your facility, be sure to check and see if you qualify for this generous rebate.
Utility company commercial rebates
Once you’ve determined if your project qualifies for state rebates, the next step is to look into any commercial rebates offered by your local utility company.
National Grid
National Grid’s Non-Residential Program is designed to help businesses in Upstate New York upgrade to energy-efficient lighting and equipment.
No matter the size of your business, National Grid offers options for your LED sports lighting project. Large commercial programs and small businesses all qualify for rebates that alleviate the burden of your investment.
Orange and Rockland
Next, on our list is Orange & Rockland utility company serving the Greater New York area.
Similar to National Grid, Orange & Rockland also offers a wide variety of incentives and rebates for businesses to install energy-efficient technologies, including LED lighting.
Working with a trusted and experienced local installation partner can help you uncover the perfect solution for rebates and financing.
Consolidated Edison
If your facility is located in New York City or Westchester County, then you’ll need to work with Con Edison on your rebate application. They offer a range of different programs for commercial customers looking to upgrade to energy-efficient equipment.
ConEdison offers up to 50% of the total construction cost in rebates, which will go a long way in offsetting the upfront costs of your project.
Each of these utility company rebate programs may require on-site verification and inspection. Work with your contractor to ensure you stay on schedule and maximize your return.
Financing and incentives on different levels of government
For funding LED sports lighting projects in New York, you should look beyond your local and state governments and agencies.
The federal government offers a multitude of grants designed to support the installation of energy-efficient technologies, including LED lighting.
For these federal grants, the process can be a bit tricky. Having an experienced professional on your side as you navigate the application process is crucial to ensure you get the most out of your grant.
Get a cost estimate for your LED sports lighting project before applying for programs
Whether you are relying on rebates, applying for grants, or combining the two, knowing your total cost before beginning is essential. Many programs require recipients to match funding, so understanding your project’s total cost is key to getting the most return on your investment.
Our easy-to-use cost calculator can help you get started. Simply enter in your project details, and we’ll provide you with an estimate of the total cost of your LED sports lighting project.
After you have a good idea of your project’s total cost, you can begin searching for programs and incentives that will help offset the upfront investment.