After a lighting audit by Birmingham, AL-based Mayer Electric Supply, a GE Lighting distributor, the economics of the retrofit became clear, according to Gregory D. Brown, chairman of the board of BR Williams. “The program has been a lot better than I’d expected,” he added. “The product technology is very impressive. We realized we needed much brighter light in some areas because of the nature of the work, and our employees are very pleased now.”Lighting Retrofit Program Financing a qualifying lighting retrofit may deliver significant benefits:
- One hundred percent invoice financing: Costs for lighting equipment, installation and disposal can be combined into a loan with fixed monthly payments.
- Positive cash flow from the beginning: Deals may be structured to yield positive cash flow based on the borrower’s estimated utility savings.
- Efficient underwriting: An accurate and efficient underwriting process helps minimize turnaround time.
- Online payments and account management: Using GE Capital’s online portal, MyAccounts, customers can schedule payments, view invoices and make inquiries quickly.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter ( http://www.twitter.com/GECapital).About GE Lighting GE Lighting invents with the vigor of its founder Thomas Edison to develop energy-efficient solutions that change the way people light their world in commercial, industrial, municipal and residential settings. The business employs about 15,000 people in more than 100 countries, and sells products under the Reveal® and Energy Smart® consumer brands, and Evolve™, GTx™, Immersion™, Infusion™, Lumination™, Albeo™ and Tetra® commercial brands, all trademarks of GE. For more information, visit www.gelighting.com. GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.