FOR IMMEDIATE RELEASE: June 14th 2012
Contact: Kim Tonetti
Independence LED Launches CASH for CLUNKERS Lighting
New Program Helps Businesses Meet July 14th Department of Energy Ban on
One Billion T12 Fluorescent Tubes
PHILADELPHIA, PA (USA) – June 14, 2012 — Independence LED Lighting, a leading U.S. Manufacturer of energy efficient LED Tubes, has launched a comprehensive $10 Million CASH for CLUNKERS Lighting program. The incentive covers the cost of banned T12 tubes, proper disposal of the toxic tubes and ballasts, and an LED Lighting Retrofit Return on Investment (ROI) Assessment. The incentive is for U.S. businesses that choose to retrofit with Independence LED Tubes, which are three times more energy efficient and last three times longer than the obsolete T12s. To further assist qualified business owners, Independence LED provides $0 down financing programs providing net savings from the flip of the switch. The program runs through 12/31/2012.
With almost 1 billion T12 tubes in U.S. properties, according to government data in the T12 White Paper, the ban covers more than 30% of American linear lighting. The cost burden of the ban could reach $18.75 billion, given needs for new ‘legal’ tubes, ballasts, and installation – a challenge for business and building owners.
“In just 30 days, this ban will have significant financial implications for American businesses. The ‘CASH for CLUNKERS’ Cars and Appliances programs made an impact, so we decided to roll out a program to our customers for LED lighting efficiency retrofits,” states Charlie Szoradi, Chairman and CEO of Independence LED. “Now, our ‘CASH for CLUNKERS Lighting’ and cash flow positive financing works well with available utility company incentives and Federal tax benefits to make clear business sense for replacing T12s with LEDs today. Since the government has not offered cash for T12 clunker lighting, we took the private sector initiative to step up to meet this challenge.”
You can learn more and register for the incentives by visiting CASH for CLUNKERS Lighting.
Independence LED www.IndependenceLED.com is a U.S. Manufacturer of high-efficiency linear LED lighting. Since moving its manufacturing from China to Boyertown, PA, Independence LED has experienced over 300% growth in sales. Customers range from industrial distribution centers to Fortune 100 companies and from independent business owners to national retail and service chains. In 2011, the Company won the Green Business of the Year Award from the Main Line Chamber of Commerce. For Technology, Photos, and Videos see the Independence LED Boot Camp.