Melbourne residents are being encouraged to hang up their power hungry traditional light bulbs, for energy-efficient LED lighting.
cherryLED and Sustainable Melbourne Fund have partnered for the ‘Lighting that Pays for Itself’ program.
The initiative will see 400 homes change to LED lighting for a small upfront cost and repay the remainder with a 36-month plan.
cherryLED general manager Ben Wright said the average home would save money back straight away.
“With their involvement in supporting similar community projects, such as solar neighbourhoods, we are proud to have secured Sustainable Melbourne Fund as our supporting partner for the ‘Lighting that Pays for Itself’ program,” Mr Wright said.
Sustainable Melbourne Fund CEO Scott Bocskay said the project would reduce the city’s carbon emissions and was exactly the product they looked for to finance energy efficiency ideas.
By signing up to the ‘Lighting That Pays For Itself’ program people can save up to 89 per cent on their lighting electricity bill.
Compared with halogen down lights, which radiate heat of 200 degrees Celsius, LED lighting operates at 55 degrees, which keeps homes cooler, reduces the load on air conditioning systems and reduces the risk of ceiling fires.
Sustainable Melbourne Fund has already helped reduce the carbon footprint of office towers across Melbourne city by providing building owners with up-front capital to pay for retrofit projects.