GE Capital Solutions Fleet Services has processed more than $5.7 million in rebates for its customers that lease hybrid or alternative fuel motor vehicles since implementing a rebate program.
The rebate program is designed for customers that make significant investments in new technology to improve their environmental performance.
The program processes a rebate back to hybrid or alternative fuel lease customers. The IRS sets the vehicle specific credit amounts and OEM specific phase-out requirements. Based on IRS regulations, GE Capital Solutions Fleet Services tracks eligible vehicles for its customers by utilizing PricewaterhouseCooper's Like Kind Exchange Services group to calculate the hybrid or alternative fuel credit based on eligible vehicles as reported by Polk's VIN validation service.
"Our customers who made the decision to lease hybrid or alternative fuel vehicles are now realizing the value of these vehicles," said Karin Overstreet, environmental performance solutions product manager at GE Capital Solutions Fleet Services. "The higher upfront cost is far outweighed by lower fuel costs, lower CO2 emissions and now the opportunity to take advantage of these tax credits. GE is working hard to develop additional programs that will continue to help our customers meet their environmental and business goals."
The rebate program is designed for customers that make significant investments in new technology to improve their environmental performance.
The program processes a rebate back to hybrid or alternative fuel lease customers. The IRS sets the vehicle specific credit amounts and OEM specific phase-out requirements. Based on IRS regulations, GE Capital Solutions Fleet Services tracks eligible vehicles for its customers by utilizing PricewaterhouseCooper's Like Kind Exchange Services group to calculate the hybrid or alternative fuel credit based on eligible vehicles as reported by Polk's VIN validation service.
"Our customers who made the decision to lease hybrid or alternative fuel vehicles are now realizing the value of these vehicles," said Karin Overstreet, environmental performance solutions product manager at GE Capital Solutions Fleet Services. "The higher upfront cost is far outweighed by lower fuel costs, lower CO2 emissions and now the opportunity to take advantage of these tax credits. GE is working hard to develop additional programs that will continue to help our customers meet their environmental and business goals."
media brand
0 Comments
See all comments