Lunera Starts No-Money Down Lease Program for LED Lighting
Aug 5, 2011 Lunera, a Silicon Valley startup that designs and manufactures next-generation LED lighting, has decided to adapt the lease-to-purchase program that is already very successfully used by rooftop solar industry. On Thursday that revealed the new program that allows commercial building owners retrofit their lighting for no money down. The lease is believed to be the first in the commercial lighting sector.
According to the media, Lunera offers a five-year lease-to-purchase agreement with fixed monthly payments. The tenant or building owner owns the lighting fixtures, which means they, not Lunera, reap the benefits of tax depreciation.
Author: Alice Jones
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