Utility Rebates
Most local utility companies offer energy-efficient rebate programs that cover lighting retrofits and new construction. The LED lamps, however, must meet your utility's energy-efficient requirements. Be aware that some "lesser" LED lamps will not meet qualifications for rebates, so be sure to check with your utility or ILYMAR LIGHTING distributor for rebate qualification.
EPAct 2005
Federal's Energy Policy Act of 2005 provides a tax deduction of up to $0.60 per square foot for energy-efficient lighting improvements on commercial buildings.
IRS Section 179
The maximum deduction for equipment purchased or financed has been raised to $500,000. This is up from $139,000 in 2012. Remember to apply this tax deduction for your new lighting equipment.
Free grant/funding
Some local governments provide free grants for energy-efficient lighting, while other utilities offer no-interest financing for T12 replacement. They are on a first-come-first-served basis; many are running out. You will want to apply while the money is still available.
Zero-cost financing
Some financial institutions offer financing programs in which the repayment is paid by the energy savings realized through the energy-efficient lighting project. There are therefore no out-of-pocket costs for the organization that implements the project.