RE: Government loans v LAAS17 Feb 2021 21:58
Hi,
I have only been invested in EAAS since the start of the year so I won't pretend to know the company inside out, however, clients won't need to pay a monthly fee forever. Contracts typically last for 5 to 7 years. This can be found under the FAQ section from this link - https://elight.com/schools/
I was not aware of the Government scheme that you mention, however, I would add that because there is no upfront cost to a school from using the eLight Energy-as-a-Service model, they are no worse off by using eLight to install and maintain their lighting system. It would work very similarly to the scheme that you mention.
Finally, I would add that I remember reading/watching a clip that eLight were prioritising schools as opposed to private sector organisations during Covid because schools were empty for an unusually long period of time. However, schools are only a small part of a larger market they sell to, so the abovementioned scheme would only ever play a small part if it was to deter some potential clients. Only my take on it anyway. :)