Funding opportunities for LED sports lighting projects in Texas
When you’re funding an LED sports lighting project in Texas, you don’t need to look far for support. From state incentives to private utility companies, there is a multitude of sources to secure the money you need to get your project off the ground.
For Texans, creating a sports facility that uses LED lighting is a smart investment. Not only are you saving on energy costs in the long run, but you’re also supporting the growth of Texas’ economy.
Let’s dive into the various options you and your organization have for funding your LED sports lighting project.
If you are in the planning and budgeting phase of installing sports lighting at your sports facility, try our LED sports lighting cost calculator to get a customized cost estimate for your project.
Texas State Loan Program
The first option on our list is the LoanSTAR Program from the State Energy Conservation Office (SECO).
Anyone from cities to independent school districts is eligible to apply to SECO’s revolving loan program. A low-interest loan from SECO can help you finance up to 100% of your project costs.
You can use the money you receive from LoanSTAR for the construction of your facility’s LED lighting solution.
With loans up to $8 million, this state program might be the perfect way to get your entire project funded with ease.
LCRA Community Grant
For LED sports lighting projects in the service area of the Lower Colorado River Authority, up to $50,000 in funding is available through its Community Development Partnership Program (CDPP).
To improve the energy efficiency of its community, LCRA offers flexible options for local governments and non-profits. This grant money can be used to help you with everything from equipment costs to the actual installation of your new sports lighting system.
The CDPP provides an excellent way for organizations in LCRA’s service area to save on their LED lighting project while also benefiting the environment.
Utility Company Rebate
Lastly, your organization can apply for a rebate from your local Texas utility company.
For example, Austin Energy offers incredible incentives to make the jump to LEDs. A significant portion of your sports lighting project can be recouped through rebates of up to 95% of the total construction cost.
Financing and Incentives at Different Levels of Government
In addition to Texas State governmental loans and local rebates and incentives, you can also look to the federal government for help with funding your project.
The Department of Energy (DOE) has a variety of programs and resources available to support energy efficiency projects, including LED sports lighting upgrades. Combining local, state and federal grants and loans can help you fund most if not all of your LED sports lighting project.
Finding the right combination of funding is crucial to the success of your project. An experienced local Texas sports lighting partner can help you identify and apply for the programs that make the most sense for your needs.
Calculate the costs for your LED sports lighting project before applying for programs
Now that you understand some of the options available for funding your LED sports lighting project in Texas, it’s time to get a cost estimate for your project.
We know it’s tempting to start applying, but understanding your total cost before asking for funds is crucial. In some cases, your potential lender will require matching funds from your organization before approval.
Getting a cost estimate early in the planning process will help streamline your search and ensure you have the right amount of money to complete your project. Our simple but powerful LED sports lighting calculator can get you started on the right path.
In just a few minutes, you’ll know exactly how much your new LED lighting system will cost. Plus, we work with the top LED sports lighting experts in Texas. We’ll put you in touch so you can get started on your project as soon as possible.