Smart Investments to Supercharge Your Business in 2025
As we move into 2025, businesses are exploring smarter ways to reduce operating costs, improve sustainability, and meet evolving regulations. Here are our top recommendations for investments that can make a significant impact on your bottom line while supporting environmental goals.
1. Redirect Your Existing Utility Bill Spending Towards an LED Retrofit
Budget constraints often delay LED upgrades, but with minimal investment or zero down payment options, now’s the time to act:
The Financial Advantage
Generate Positive Cash Flow:
LED lighting significantly reduces energy and maintenance expenses, allowing you to offset project costs from day one through immediate savings.
Redirect Energy Savings
Instead of using your budget for energy bills and maintenance, leverage those savings to cover lease payments with our Lease-to-Own Program, ensuring no disruption to your cash flow.
Preserve Capital
Free up funds for other priorities by utilizing our Lease-to-Own Program while benefiting from ongoing cost savings.
Maximize Government Incentives
Take advantage of programs like BC Hydro rebates to lower upfront costs, making LED upgrade more affordable than ever.
Case Studies
Here are a few typical sample projects showcasing the yearly impact of an LED retrofit.
|
Facility Size (sq.ft) |
Previous Energy Use (kWh) |
After Retrofit Energy Use (kWh) |
Energy Saved (kWh) |
Monthly Utility Bill Savings |
Annual Utility Bill Savings (redirect toward project costs) |
BC Hydro Incentive value |
|
700,000 |
3,555,000 |
810,000 |
2,745,000 |
$28,500 |
$342,000 |
$383,000 (40%) |
|
110,000 |
296,000 |
120,000 |
176,000 |
$2,500 |
$30,000 |
$79,800 (20%) |
|
50,000 |
105,600 |
42,000 |
62,600 |
$800 |
$9,600 |
$23,195 (35%) |
Note: Results can vary based on specific site conditions. Contact us for a personalized assessment.
Key Benefits
1
Fast-Track Your LED Upgrade
Skip the complexities of budgeting and start enjoying the advantages of LED lighting as early as Q1 or Q2 of 2025.
2
Leverage Incentives
Limited-time rebates and incentives are available to help offset project costs—act now before they’re gone.
3
Achieve Quick ROI
Most LED upgrades deliver a return on investment within 2-5 years.
4
Long-Term Savings
After completing lease payments, benefit from significantly reduced utility costs for years to come.
5
Guaranteed Quality
Thrive provides an unbeatable 5-year warranty on TIER 1 lighting packages, covering labor, equipment, and fixture replacement. With proven expertise, we deliver reliable, high-quality LED solutions.
6
A Brighter and Safer Work Environment:
Improve workplace lighting for enhanced visibility, safety, and productivity.
Why Deferring Will Come at a Cost
Fluorescent Lamp Phase-Out
Canada is phasing out mercury in bulbs found in fluorescent lamps by 2026, leading to increased costs for ballasts and T5/T8 bulbs and fixtures.
Declining Incentives
LED rebates from BC Hydro are expected to decrease as LED technology becomes standard. Deferring your project will position your facility retrofit during a reduced or non-incentivized period
Mandatory Reporting Bylaws
The City of Vancouver has initiated energy use reporting, making energy efficiency transparent and more critical than ever. The City of Richmond is also considering implementing the same bylaws.
Clean Building Tax Credit
Secure an additional 5% refundable income tax credit by completing qualifying projects by March 31, 2025.
2. Prepare Your Fleet or Workplace for EV Adoption
The shift to electric vehicles (EVs) is accelerating, and businesses with fleets must prepare for this transition. Here’s how you can get started:
Thrive Electrify Can Help With Your Fleet Readiness Checklist:
Fleet Assessment
Assess your current fleet and identify vehicles suitable for EV replacement.
Electrical Capacity Evaluation
Evaluate your property’s electrical capacity to accommodate EV chargers.
Incentives & Exploration
Explore provincial and federal incentives and rebates for EV charger installation, fleet strategy, electrical infrastructure upgrades, and pilot projects.
Financial Benefits of Going Electric
Reduce Your Carbon Footprint
Reduce your company’s environmental impact while embracing sustainable practices.
Cut & Stabilize Costs
Lower fuel budgets and stabilize your fleet operations from unpredictable fuel price volatility.
Maximize Credits & Incentives
Take advantage of carbon credits and government tax incentives to help offset installation and operational costs.
Lower Operating Expenses
Electric vehicles typically offer reduced fuel and maintenance costs compared to traditional vehicles.
Gain a Competive Edge
Position your business as an early adopter to sustainability efforts ahead of the competition with an environmentally friendly mobile fleet.
3. Peak Load Management and Renewable Energy
Peak load charges significantly impact your utility costs. Here are strategies to reduce them:
Reduce Your Electricity Bill
Load Shifting
Reschedule energy-intensive activities to off-peak hours to minimize costs.
Peak Shaving
Adopt technologies like battery storage and solar panel systems to reduce peak demand.
Save up to $50K on eligible systems with rebates.
Harness Solar Energy
Utilize load displacement through solar energy generation to offset electricity costs and support a greener future.
Earn Credits with BC Hydro's Self-Generation Program
Reduce your energy bills by earning credits through BC Hydro’s self-generation program.
Install Solar Panels
Solar energy allows you to lock in today’s energy rates for the entire lifespan of the system—25+ years—providing long-term savings and stability. By reducing peak loads year-round, it helps you avoid costly demand charges, saving thousands annually. Additionally, solar decreases your reliance on the grid while enabling you to capitalize on available incentives.
Financial Incentives
Federal and provincial rebates can offset the upfront costs.
Sustainability Impact
Reduce greenhouse gas emissions and enhance your ESG profile.
Take Action
Now is the time to act on these smart investments for 2025. Whether you’re considering an LED retrofit, transitioning to EVs, or adopting renewable energy solutions, Thrive Electrify is here to guide you every step of the way. Reach out today to:
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Share how we can help your company reduce operating costs and achieve sustainability goals in 2025—Contact us here
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Explore financing options, including our Lease-to-Own program.
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Discover available incentives and learn how to maximize your savings.
Your competitors are already gaining an edge with these strategies—take action today to stay ahead!
View Our Success Stories
Why Choose Thrive Electrify?
Our Uniqueness Sets Us Part
