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Genesis LED Solutions Approved by Progress Energy to Become A Member of their Trade Ally Program - Solid-State Lighting -- Companies who have been reluctant to consider LED-based luminaires should rethink their decision given the current availability of quality luminaires, energy company rebates, and tax credits
Genesis LED Solutions Approved by Progress Energy to Become A Member of their Trade Ally Program

 

NewswireToday - /newswire/ - Plano, TX, United States, 2010/08/30 - Solid-State Lighting -- Companies who have been reluctant to consider LED-based luminaires should rethink their decision given the current availability of quality luminaires, energy company rebates, and tax credits.

   
 
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Genesis LED Solutions (GLS), based in Plano, Texas, has been approved by Raleigh, North Carolina-based Progress Energy, to become a Trade Ally within their Energy Efficiency for Business Program. Progress Energy’s customers based within the Carolina’s service area who are seeking to replace fluorescent and/or metal halide based lighting systems with energy efficient LED-based alternatives, can now easily locate GLS via Progress Energy’s Trade Ally website.

“LED-based alternatives are today providing customers with lighting-related energy consumption savings in commercial and industrial facilities”, says Paul Chintapalli, GLS’s Founder and President. “Companies who have been reluctant to consider LED-based luminaires should rethink their decision given the current availability of quality luminaires, energy company rebates, and tax credits. The combination of these factors in addition to a significant reduction in annual maintenance costs, typically results in return on investments (ROI) of 3.0 years or less in most applications,” stated Chintapalli.

Cost-savings from incentives for energy-efficiency improvements vary by project. In one case study, a North Carolina Progress Energy customer completed an extensive lighting retrofit and replacement project that consisted of 400-watt metal halide lamps for a 900,000-square-foot property. The energy incentive shaved over $130,000 off their original project cost, and the company gained a projected savings of $115,000 per year. Without the energy incentive, the ROI would have been a respectable 2.75 years, but with the incentive, they realized an impressive payback period of 1.62 years!

It pays to save energy! “There may never be a better time to replace outdated and expensive lighting fixtures,” concluded Chintapalli.

About Progress Energy Trade Ally

Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 22,000 megawatts of generation capacity and approximately $10 billion in annual revenues. Progress Energy includes two major electric utilities that serve about 3.1 million customers in the Carolinas and Florida. The company has earned the Edison Electric Institute's Edison Award, the industry's highest honor, in recognition of its operational excellence, and was the first utility to receive the prestigious J.D. Power and Associates Founder's Award for customer service. The company is pursuing a balanced strategy for a secure energy future, which includes aggressive energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. Progress Energy celebrated a century of service in 2008.

About Genesis LED Solutions (GLS)

Genesis LED Solutions (genesisledsolutions.com) is a leading manufacturer of Solid-State Lighting (SSL) luminaires and SSL retrofit kits for traditional florescent lighting. Robust engineering design, strong quality and affordable prices are hallmarks of GLS product offerings. Headquartered in the Dallas/Fort Worth metroplex, GLS assembly facilities are ISO 9001:2000 certified with over 200,000 square feet of manufacturing and warehousing space. Our facilities and distribution centers work 24/7 to ensure prompt delivery of product to our customers. GLS’s luminaires and retrofit kits are suitable for a variety of commercial and industrial applications.

 
 
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Written by / Agency / Source: Genesis LED Solutions

 
 

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Genesis LED Solutions Approved by Progress Energy to Become A Member of their Trade Ally Program

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Publisher Contact: Lois Parks - GenesisLEDsolutions.com 
214-509-6841 info[.]genesisLEDsolutions.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Genesis LED Solutions securities in any jurisdiction including any other companies listed or named in this release.

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