LumiGrow, has partnered with SparkFund to offer customers a private-label payment plan for installing efficient lighting upgrades at no upfront cost. LumiGrow is working with SparkFund to fund and install new lighting systems for over 42 customers in the next year.
LumiGrow’s new payment plan was the perfect solution for a recent customer in need of a new horticultural lighting system. Sustainable Local Foods (SLF), an expanding hydroponic produce grower, used the payment plan to meet increasing demand that includes a large supply agreement with Kroger’s grocery store.
Sustainable Local Foods pays no net cost for their new efficient horticultural lights, which deliver utility bill savings greater than their monthly payments. The new indoor agriculture company gets a LumiGrow Pro™ LED lighting system that guarantees optimal plant performance, delivers spectral control and reduces operating costs by approximately $170,000 annually.
“This project would not have happened without this payment plan,” said Jim Bloom, Chief Business Developer at Sustainable Local Foods. “We are thrilled to expand our new business with the most effective and efficient agricultural lights out there. SparkFund’s intuitive and streamlined process and LumiGrow’s efficient technology made this project possible.”
LumiGrow’s payment plan powered by SparkFund lets customers understand the immediate value of a new lighting system early in LumiGrow's project development process. SparkFund’s web-based tools allowed Sustainable Local Foods to visualize the savings and positive cash flow resulting from their project.
“Integrating the SparkFund custom payment plan slider into our website was straightforward and simple,” shared Caroline Wells, Chief Operating Officer at LumiGrow. “We love being able help customers like Sustainable Local Foods harness the growing capacity of energy-efficient lighting without the upfront investment.”
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