WASHINGTON, DC - LumiGrow, a manufacturer of greenhouse spectrum control systems, 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 more than 42 customers in the next year, according to a press release from SparkFund.
Sustainable Local Foods (SLF), an expanding hydroponic produce grower, used LumiGrow's new 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 aims to optimize plant performance, deliver spectral control and reduce 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.
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, according to the press release.
For more information about SparkFund, click here.
For more information about LumiGrow, Inc., click here.
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