PGS re-launches LED “Pay As You Save” save energy scheme
PGS Lighting Electrical, the electrical supplies and lighting equipment with 11 stores islandwide, has re-launched the LED “Pay As You Save” scheme, which, since 2013 has helped reduce the cost of electricity bills in a large number of buildings in Cyprus. The scheme offers multiple advantages with the most appealing feature being the flexible payment terms: monthly installments equivalent to the saving that will occur after the implementation of the scheme.
Light-emitting diode bulbs (LED) are spreading rapidly and are being used more and more as an ecological and economical solution for houses and business premises, road lighting and state buildings. Other than the remarkable energy saving of up to 80%, LED lamps have a longer lifespan, low maintenance cost, do not contain harmful substances like mercury, attract less insects and are available in a wide variety.
Before the scheme is implemented, PGS conducts a feasibility study to identify spaces in the building where an investment in LED lamps would be beneficial and to specify the size of the saving which will result from the replacement of highconsumption bulbs with LED type lamps. The company then presents the findings of the study to the customer, including an indicative payment time plan for the full cost of the investment. Payment is split in equal monthly installments with no applied interest, equivalent to the amount of the monthly saving, which means that a household’s monthly budget will not be affected. In addition, PGS offers three years guarantee for lamps that may burn out.
“Buildings in Cyprus are energyintensive. This fact -in combination with the relatively high cost of electricity compared to other EU countries- is a financial burden for the Cypriot citizen and harmful to the environment,” said Managing Director of the company Neophytos Neophytou.
“Through the LED “Pay as you save” scheme we managed to contribute to a solution to this problem and that is why we have decided to re-launch it as an ecoservice that our company is capable of offering”, he added.