CYPRUS: “Pay As You Save” scheme by PGS Lighting Electrical

1482 views
1 min read

PGS Lighting Electrical re-launches the innovative LED “Pay As You Save” scheme, which -since 2013- has helped a large number of buildings in Cyprus to significantly reduce the cost of their electricity bill and save energy. The scheme offers multiple advantages with the most appealing feature being the flexible payment terms: monthly installments equivalent to the saving that will occur after the implementation of the scheme.

Light-emitting diode bulbs (LED) are spreading rapidly and are being used more and more as an ecological and economical solution for houses and business premises, road lighting and state buildings. Other than the remarkable energy saving of up to 80%, LED lamps have a longer lifespan, low maintenance cost, do not contain harmful substances like mercury, attract less insects and are available in a wide variety.

Before the scheme is implemented, PGS Lighting Electrical conducts a feasibility study to identify spaces in the building where an investment in LED lamps would be beneficial and to specify the size of the saving which will result from the replacement of high-consumption bulbs with LED type lamps. The company then presents the findings of the study to the customer, including an indicative payment time plan for the full cost of the investment. Payment is split in equal monthly installments with no applied interest, equivalent to the amount of the monthly saving, which means that a household’s monthly budget will not be affected. In addition, PGS offers three years guarantee for lamps that may burn out.

Thanks to its 30 years of experience in lighting and electrical supplies, PGS Lighting Electrical has the knowhow to implement groundbreaking solutions for economical and ecological lighting. Managing Director of the company Neophytos Neophytou stated: “Buildings in Cyprus are energy-intensive. This fact -in combination with the relatively high cost of electricity compared to other EU countries- is a financial burden for the Cypriot citizen and harmful to the environment. Through the LED “Pay as you save” scheme we managed to contribute to a solution to this problem and that is why we have decided to re-launch it as an eco-service that our company is capable of offering”.


PGS Electrical Supplies Ltd has been working in the field of electrical supplies and lighting equipment for over 30 years, with 11 stores around Cyprus and its Headquarters in Paralimni. The commercial policy of the company is based on the desire for quality products at the best possible prices. With the majority of products being directly imported mainly from European manufacturers, PGS has managed to maintain its integrity as fas as quality and uniqueness of product are concerned.
For more information visit
www.pgses.com