LED Penetration Can Bolster Lighting Rebates for Innovative Commercial Customer Programs and Still Drive Significant Savings Opportunities
BOULDER, Colo.--(BUSINESS WIRE)--Aug 22, 2018--A new report from Navigant Research explores the opportunities for redesigned lighting rebate programs in the US and the benefits for utilities and lighting technology providers.
As adoption of LED lighting technology saturates the commercial lighting market, the future of US lighting rebate programs for commercial customers is being called into question. Despite the increasing uptake, lighting rebates for commercial customers can still drive significant savings opportunities. Click to tweet: A new report from @NavigantRSRCH explores the opportunities for redesigned lighting rebate programs in the US and the benefits for utilities and lighting technology providers.
“Advanced solutions for lighting retrofits can validate the continued focus on lighting for achieving the energy savings goals of utility rebate programs,” says Casey Talon, principal research director with Navigant. “The benefits of technological innovations like connected lighting and the Internet of Things (IoT) support sustained investment in lighting programs.”
In the report, Navigant recommends utilities take steps to offer market-relevant commercial lighting programs in the US to remain competitive. These recommendations include assessing local customer demands and needs, offering differentiated programs for different customer segments aligned with market demands, evaluating internal program capabilities to develop new partnerships, and investing in marketing, education, and building new technical capabilities with trade allies and program administrators.
This report, , explores the opportunities for redesigned lighting rebate programs in the US and the benefits for utilities and lighting technology providers. The study analyzes the prospects tied to innovating lighting rebate programs for commercial customers. It also provides an analysis of the market issues, including business cases and implementation challenges, associated with new rebate approaches tied to networked and IoT lighting in the US. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Mass-Market LED Adoption in the US: An Opportunity for Innovation, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005124/en/
CONTACT: Navigant Research
Stefanie Bradtner, +49.221.270.70.142
KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: ENERGY UTILITIES OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Navigant Research
Copyright Business Wire 2018.
PUB: 08/22/2018 05:15 AM/DISC: 08/22/2018 05:15 AM