Rebates, Tax Refunds & Financing
Get Higher Rebates and Tax Deductions, with Competitive Financing Options
Rebates
Because of its superior performance the EYEPOWER™ Solution has been approved for higher customized utility rebates than any other solution in the industry.
EYEPOWER™ Solutions are qualified for and have earned higher customized utility rebates than other competitive solutions. Customized rebates are given by utilities on a per project basis, based on the energy savings calculated for that project and verified by one of their internal auditors. Although it varies by utility, customized rebates are usually capped at 50% of the total project costs. In over 95% of cases to date, the EYEPOWER™ Solution has earned customized rebates of the maximum 50% of the total project costs.
EYEPOWER™ has been approved for customized rebates as high as $157 per room. Our solution rebates have proven to be the highest in the industry, with our competitors’ solution rebates coming in at an average of $100 or less per room.
The EYEPOWER solution also qualifies for prescriptive rebate incentives. Prescriptive rebates are issued by utilities only if the products have been tested and savings are verified by their auditors. Where EYEPOWER qualifies for these rebates, the utility usually offers a fixed incentive check of anywhere between $50 - $100 per room, depending on the utility company.
Tax Deductions
EYEPOWER is the ONLY HVAC energy management solution verified by registered engineers (licensed PE) as a stand-alone solution to qualify you for a partial $0.60 per square foot federal IRS tax deduction.
The 2005 Energy Policy Act specifically enables businesses that operate commercial buildings to claim up to $1.80 per square foot of covered space in federal IRS tax deductions for installing energy efficient measures in lighting, building envelope and heating / ventilation / air conditioning (HVAC) that exceed specific federal performance standards (ASHRAE 90.1). This deduction can be claimed in whole or in part, with an allowance of up to $0.60 per square foot for HVAC solutions.
Normally, qualifying for the $0.60 per square foot HVAC deduction requires multiple devices and systems to deliver the amount of energy savings necessary to meet the standards (specifically a 16.66% reduction over ASHRAE 90.1 standards). Because of the exceptional energy savings that it delivers, EYEPOWER has been uniquely certified by the registered engineers of a nationally recognized specialty business tax consultancy to qualify for the $0.60 per square foot deduction as a stand-alone single-source solution. In other words, you can claim the deduction by installing the EYEPOWER solution alone.
It’s important to note that you can carry the $0.60 per square foot deduction forward for up to five years, so you can use it when you need it the most.
Financing
We can help you obtain financing for any EYEPOWER Solution at competitive rates through our hospitality financing partners. For any amount under $100,000, financing can be secured with minimal documentation and you can be approved in as little as 48 hours for the purchase of an EYEPOWER Solution.
We offer a choice of three industry leading financial partners, two of whom are specialists in the hospitality industry:
- Hospitality Leasing Corporation – A strategic partner, providing “best-in-class” hospitality financial solutions
- American Financial Group, Inc. - A Choice Hotels International Qualified Vendor
- Security Finance Associates – a private investment banking source for equipment systems financing.
We regularly help our hotel clients finance their EYEPOWER Solutions—and we’ll be happy to assist you.
