Revolution Lighting Technologies is Awarded Three-Year Agreement with Eversource's Small Business Program

Revolution Lighting Technologies’ (NASDAQ:RVLT) Energy Source operating division has been awarded a three-year agreement within Eversource’s Small Business Program.
According to the press release:

The newly won contract provides Energy Source with a defined territory to identify and support small business customers within commercial and industrial sectors with an average peak demand of 300kW or less per month, offering cost-effective energy efficiency turnkey solutions.
The Small Business Program provides services to identify and implement cost-effective energy efficiency opportunities, promote education to encourage replacement of existing equipment with high efficiency options and procure financial incentives. As a Small Business Program vendor, Energy Source has been assigned eleven specific territories in Massachusetts, including the municipalities of Bellingham, Hopkinton, Holliston, Medway, Ashland, Sherborn, Millis, Norfolk, Dover, Medfield and Walpole.
The program will address technologies including lighting, controls, motors and variable speed drives, energy management systems, HVAC system tune-ups, and other measures to reduce both electric and gas consumption. Access to on-bill financing through its utility will be available, providing additional avenues for project funding to small business customers eligible to participate in the program.
Project incentives will play a critical role that could cover up to 70% of qualified project costs to significantly reduce an energy efficiency project’s return on investment, offering attractive paybacks as low as one year. Incentives for the Small Business Program are funded through the recent approval of the Massachusetts Energy Efficiency plan (2016 – 2018) by the Massachusetts Department of Public Utilities (DPU), known as “Mass Save,” securing $2.4B in funding for energy efficiency programs.

Click here to read the full press release.