LED Penetration Can Bolster Lighting Rebates for Innovative Commercial Customer Programs and Still Drive Significant Savings Opportunities

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, Mass-Market LED Adoption in the US: An Opportunity for Innovation, 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.

Contact: Stefanie Bradtner

+49.221.270.70.142

stefanie.bradtner@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.