Hort Americas Partners with SparkFund to Provide Financing for Energy Efficient Grow Lights

Aug. 4, 2015
Integrated financing plans increase access to energy efficient grow lights for more horticultural businesses

BOULDER, Colorado - Hort Americas, a leading North American wholesale horticulture supplier, has teamed up with SparkFund to offer controlled environment agriculture customers financing plans for their energy efficient grow lights. The SparkFund lease covers the upfront costs of efficiency projects and customers can select the terms of the leases to help meet the cash flow needs of their businesses.

"By offering financing to our customers, we can help more growers access our efficient LED grow lights," said Chris Higgins, Co-Founder and President of Hort Americas. "We are excited to grow our partnership with SparkFund and help more businesses optimize their commercial plant production businesses."

According to Greenhouse Grower's 2015 State of the Industry Report, energy costs make up the largest financial input burden for small agricultural businesses. "Utility bills can be an overwhelming expense for many indoor agriculture companies," said Pier LaFarge, CEO of SparkFund. "We're excited to partner with Hort Americas' to make their LED grow lights more accessible and help more indoor growers keep operating costs low with efficient technology." Hort Americas' customers that install LED grow lights are consistently able to maximize cubic foot production and yield. One customer, Southwest Perennials, was able to more than double their amount of production of vegetative liners without expanding production space.

"Some of the results that we saw under the lights we wouldn't have gotten by applying more fertilizer or increasing the temperatures. It was simply the lights that were causing the plants to grow" said Jerry Soukup, owner of the Dallas, Texas based greenhouse business that produces more than 300 varieties of heat and drought tolerant young plants. Together, Hort Americas and SparkFund hope to ease the financial burden for growers through financing options for energy efficient lighting equipment.

About SparkFund:
SparkFund is an energy efficiency financing company that has developed a flexible financing solution for $10,000 to $1,000,000 energy savings projects. SparkFund aims to provide greater access to the benefits of energy efficiency for business owners, contractors, partners, and investors. SparkFund is the first energy efficiency financing company to specifically target projects in this range. This market has been previously underserved as large firms typically require larger projects in order to keep up with overhead costs. Consequently, many of these projects are not completed due to a lack of upfront capital. SparkFund partners directly with energy efficiency contractors and manufacturers to embed their financing platform into the sales process and help close more deals. For more information call (844) 867-7275 or visit www.sparkfund.co.

About Hort Americas:
Hort Americas is a wholesale horticulture supplier that offers a wide variety of commercial growing supplies, products and equipment in North America. Their entire offering is well suited for producing crops in vertical farms, city farms, tissue culture labs, or greenhouses. Hort Americas is constantly working on developing and designing products and tools that will help lead and inspire future horticulturalists and farmers. From Growing Media for Ochids to Hydroponic Fertilizers to components of Multilayered Vertical Farming Systems using LED technologies, Hort Americas is pushing the limits. For more information call (469) 532-2383 or visit www.hortamericas.com.


Lauren Basler - SparkFund