Individuals in the lighting industry know using rebates can increase sales. However, after winning the lighting project not everyone knows how to tackle the rebate process. It is a long process that often takes up to six months and requires constant interaction with the incentive and rebate project staff. It can be overwhelming for some lighting suppliers.
A common solution is outsourcing the lighting rebate process, or any rebate process for that matter. It’s similar to outsourcing some or all of the electrical work to a subcontractor. It allows your company to focus on what you do best instead of working through months of paperwork.
Benefits of Outsourcing the Rebate Process
Not sure if you want to outsource the rebate process? Here are a few reasons why it often makes sense.
Free Up Employees for Other Tasks
Rebates require paperwork and typically have several steps. It’s not a process you can complete in a single workday. On average, the rebate process has around 12 steps. When you are working on multiple projects, it can take three or more employees to handle the rebates. Not only is part of your staff preoccupied with rebates, but you also have to pay for their time. Outsourcing the rebate process means you are not paying your staff for performing administrative tasks.
More Accurate Rebate Estimates
With over 3,000 utility companies in the United States, you have thousands of rebate programs to stay current with. Not only is there a large number of potential rebates, but the programs are also frequently changing. Rebate processing companies are familiar with these changes. They file thousands of applications yearly and often have an established relationship with the incentive programs. It allows the rebate outsourcing companies to provide an accurate estimate of the savings. It also takes less time to receive the estimate.
Companies specializing in lighting rebates tend to have more information on vital details. It includes specific requirements, deadlines, and when the program may run out of funding.
There is a lot to understand when it comes to lighting rebates. If you are a commercial organization we suggest reading, Commercial LED Lighting Rebates Explained, for an in-depth view of the process and what to expect during your return.
Maximize Your Customer’s Rebate
Businesses use their accounts to maximize tax savings and it’s the same for lighting vendors outsourcing lighting rebates. Vendors use outsourcing as a way to maximize their customer’s savings. Rebate companies will advise on your potential bonus programs, and which products have the highest financial incentives. They also stay on top of deadlines that can invalidate the rebate.
Companies like Incentive Rebate360 often have access to information about rebates not commonly advertised. Some incentives and rebates are little known or require specific certification for qualification. This information can result in significant savings for your customers.
Partner with Incentive Rebate360
Rebate process outsourcing has multiple advantages. It frees up your staff to concentrate on the customer’s lighting project. It also helps ensure your customers are taking advantage of all available rebates and financial incentives.
At Incentive Rebate360, we understand every lighting project is different. We will work with you to determine which rebates apply to your project. We will provide rebate estimates and take care of all of the paperwork, so you only have to concentrate on the project.