A new energy-saving leasing scheme, which could save householders tens of thousands of pounds, has been launched by a Leeds-based company.
High Technology Lighting has developed a new high-efficiency, low-energy lighting system and is hoping its introduction will see a rise in product orders, the Yorkshire Evening Post reports.
According to the company, its new system, which includes street lighting, has the potential to reduce both energy bills and carbon footprints.
Joint managing director Graham Kemp told the paper: "The fact that lighting is available for lease over a period of time is a major selling point, as end-users can eliminate capital expense, safeguard their cash flow and reclaim tax."
The company is also launching packages aimed specifically for use in operations such as warehouses in which pre-2000 lighting is typically in place and due for replacement.
According to the firm, trials have shown potential cost savings to be in the region of £140,000 over the course of five years.
Nationwide interest has already been expressed in the company, which is a partner in the Carbon Trust.
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