Saturday, November 2, 2024

Nature’s Miracle Holding Inc. Establishes New Subsidiary, NM Rebate Inc., to Enhance Core LED Lighting Division

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Nature’s Miracle Holding Inc. has unveiled its new subsidiary, NM Rebate Inc., aimed at enhancing its energy rebate financing services for commercial indoor growers. This initiative comes in response to the Inflation Reduction Act, which allows utility companies to offer financial incentives for businesses that switch to energy-efficient LED lighting. CEO James Li emphasized that NM Rebate Inc. will support Nature’s Miracle’s commitment to help clients reduce upfront installation costs and drive bottom-line performance in the competitive vertical farming market. The subsidiary aligns with the company’s strategy to promote energy-efficient lighting solutions, ultimately aiming to boost sales and margins in the agricultural technology sector.

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