EDEN PRAIRIE, Minn.--()--GE Capital Fleet Services today announced that its Hybrid and Alternative Fuel Vehicles Rebate Program processed more than $2.5 million in rebates for customers in 2009. GE Capital Fleet Services is the only fleet management company to offer a tax-rebate program recognizing customers for taking steps to green company vehicles.
“By implementing a rebate program, we’ve streamlined the process for our customers and helped alleviate the initial cost of investment. This is just one way in which we continue to assist our customers in turning their business vehicles into strategic assets.”
“Our goal with this program is to enable customers to more easily realize the benefits of their green investments,” said John Whyte, Environmental Performance product manager, for GE Capital Fleet Services. “By implementing a rebate program, we’ve streamlined the process for our customers and helped alleviate the initial cost of investment. This is just one way in which we continue to assist our customers in turning their business vehicles into strategic assets.”
The Energy Tax Incentives Act of 2005 reserved $875 million of the Act’s $14.5 billion for advanced vehicular technology projects, such as hybrid or alternative fuel tax credits. GE’s rebate program is designed to help customers who make significant investments in new technology to improve their environmental performance secure the appropriate rebates.
The program processes a rebate back to customers with hybrid or alternative fuel fleets in a simple, straightforward manner. Based on IRS regulations, GE Capital Fleet Services tracks eligible vehicles for its customers, calculates the hybrid or alternative fuel credit and processes the rebates. Through this program, GE Capital Fleet Services approved more than $10 million in rebates since the program’s inception in 2007.
About GE Capital, Fleet Services
GE Capital, Fleet Services, based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. Visit the Web site at gefleet.com or follow the company’s eco news and updates via Twitter (@GEFleetSvcs)
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapitalNews). GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Web site at ge.com.