GreenStar Financing

The Smart Way to Save

Switching to LEDs is a quick and easy way for municipalities to begin receiving energy savings. Municipalities spend an exorbitant amount of Their budgets on street lighting. Often Exceed Energy expenditures of 50% of a municipality’s budget. There is Also a very large operational expense related to Maintaining legacy lighting systems.

The operational expenditures to replace street light bulbs and ballasts add up quickly. Changing the HID bulb in one streetlight can cost a municipality upwards of $ 150- $ 300 per light. This equates to Hundreds of Thousands of dollars a year in operational expenses. Municipalities are able to reduce operating costs in maintaining their street light system due to the longevity of LEDs.

Municipalities are quick to realize the long-term savings from switching to LEDs. However, times Often Do not have money municipalities budgeted to make the conversion.

GreenStar LED and Its Affiliated partners are able to provide turn-key financing solutions allow for no upfront money requirements from a municipality. GreenStar’s Energy Saving Contracts allow a municipality to pay for Their LED streetlights With the new Energy Savings They achieve. Municipalities receive the immediate benefits of energy and operational savings With no upfront out of pocket expenses.

GreenStar financing solutions offer flexible, competitive rates and programs. GreenStar will work with you to determine the scope of the project and put together a comprehensive plan That Provides overall energy and operational savings.

The longer a municipality to make the conversion Waits to LEDs, the more money they are throwing away Essentially.

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How the program works:

GreenStar Financing provides a street light concession program that allows municipalities the option to upgrade their street lighting to LEDs or buy-back their lighting from their utilities to reduce energy use and expenses.

Step 1:  Customer provides:

  • Street Light Inventory
    • Number of Street Lights
    • Wattage of Street Lights
  • Current Utility Cost
    • Tariff pricing currently paying if known
    • Copies of last 4 utility invoices
  • Operations and Maintenance
    • Is maintenance outsourced to 3rd party?
      • Copy of last 4 month’s service bills
    • Is maintenance managed by municipality directly?
      • Estimated expense to repair luminaire every 10 years

Step 2: Feasibility Study

  • GreenStar Finance provides a pre-project feasibility design, inclusive of engineering and photometric reports and yearly savings estimates

Step 3: Concession Contract Signed

  • The concession period begins once the project is complete and continues for 5-10 years.
  • Client payment during the concession is a pre-determined percentage of verified savings (65%-85%) with the customer retaining the remaining savings.
    • Client pays GreenStar Finance a fixed % of savings
    • Client retains remaining % of savings
  • GreenStar Financing concession model requires no ownership liability or upfront investment from the customer.
  • Client pays for the performance only and utilizes savings to cover the cost of concession payments.
  • During the term, GreenStar Finance is responsible for operating and maintaining the system.
  • Upon the expiration of the term of the concession, GreenStar Finance transfers title to the customer.