GE Capital Solutions Fleet Services has processed over $5.7 million in rebates for its customers who lease hybrid or alternative fuel motor vehicles through its rebate program that recognizes customers that take the initiative to green their vehicles, the company announced.
According to the company, GE Capital Solutions Fleet Services tracks eligible vehicles for its customers based on vehicle-specific credit amounts and OEM-specific phase-out requirements using PricewaterhouseCooper's Like Kind Exchange Services to calculate the exact credit.
“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.”
