How does UrbanVolt get paid?
UrbanVolt gets paid through a monthly subscription charge. Most of our clients find that our cash flow positive model means their monthly savings on their electricity bill more than covers the cost of their subscription. Payment commences one month after your installation is complete.
Our service agreements range from five to ten years, depending on your business requirements.
Is this a lease?
This is not a lease, nor is it financed lighting. There are absolutely no interest charges embedded in our service fees and our offering is completely off-balance sheet for your company, so it won’t impact your financial covenants or borrowing capacity in the future.
How do you price my project?
Your service fee is determined by your specific lighting requirements (light levels, operating hours, industry). Our online pricing tool will give you a custom pricing estimate in under 2 minutes.
What is UrbanVolt’s responsibility to me?
If a light fixture fails for any reason, UrbanVolt is responsible for its replacement — no questions asked. If we don’t replace a failure within 30 days, you can postpone all payment until the issue is resolved.
What happens if I don’t get the savings?
At your request, we can install measurement and verification equipment to prove your energy savings. If the annual savings (based on the information you provided) are not achieved, then we will pay you the difference.
Will this impact my insurance?
As the lighting assets are ours, we provide insurance cover for theft, fire, failure or damage to your lights. In some cases, clients may see a reduction in their overall insurance costs.
Is UrbanVolt the right fit for me?
UrbanVolt’s LaaS™ offering doesn’t work for everybody. Some companies prefer to buy depreciating assets (we don’t really know why). If that’s the case with your company, then UrbanVolt may not be the right choice for you.