Transformative Wave Partners with TIP Capital to Offer Financing Options for CATALYST Projects
Kent, Wash. (PRWEB) January 21, 2015 -- Transformative Wave is pleased to announce its partnership with TIP Capital to provide financing options to customers looking to upgrade and retrofit inefficient packaged HVAC rooftop units (RTUs) with the ‘game-changing’ CATALYST. These financing options provide customers with flexible, alternative methods to fund HVAC energy efficiency projects.
In many cases, a building owner has zero out of pocket expense at the onset of the purchase, and with the energy savings produced by the CATALYST, customers can experience positive cash flow positive from the outset. TIP Capital’s financing options include 100 percent of the total cost of the project including soft costs and installation labor. Terms are set at a fixed rate and typical payback periods range from 2 to 5 years depending on the overall project cost.
Danny Miller, President of Transformative Wave, comments, “We greatly appreciate TIP Capital’s willingness to develop a special program for customers lacking upfront capital but looking to take advantage of the benefits of the CATALYST. This program makes it possible for many customers to reduce their operating costs using someone else’s money. Our resellers are now empowered to offer this unique program to their prospective customers in 2015 and we expect it to help them in their efforts to reduce the excessive energy use of rooftop HVAC systems.”
According to the Institute of Building Efficiency, energy efficiency projects are deferred because customers lack capital to pay for measures, want shorter payback times, and are uncertain of the value of the energy savings provided. By providing financing options, customers can take advantage of the CATALYST, which is a comprehensive HVAC energy efficiency upgrade that converts RTUs into dynamic part load systems, matching the energy use to the true needs of the occupied space. When applied, it is proven to radically lower energy use and improve the overall performance of the RTUs. Current customers with equipment retrofitted with the CATALYST are seeing 25-50 percent HVAC energy savings.
Ross Reida, VP Specialty Markets Group for TIP Capital, comments, “We are excited about our partnership with Transformative Wave and their reseller network nationwide. We already are seeing a lot of interest and success with projects funding in New York, Chicago, and Portland! The positive monthly cash-flow generated for the CATALYST customers has been impressive, and customer feedback has been very positive. We look forward to supporting the growth of Transformative Wave through providing innovative and effective financing solutions for CATALYST projects across the country this year!“
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About Transformative Wave
Transformative Wave is one of the country’s leading energy efficiency innovators, developing and bringing to market a growing line of game-changing efficiency solutions that are transforming the commercial building energy landscape. For more information about the CATALYST and eIQ Platform, visit http://transformativewave.com.
About TIP Capital
TIP Capital, a Crestmark Bank Company, is a leading equipment financing and asset management company headquartered in Bloomfield Hills, Michigan. TIP Capital specializes in providing customized “lifecycle management” financing solutions for their clients’ equipment acquisitions throughout North America. For more information, you can visit http://www.tipcapital.com or follow TIP Capital on LinkedIn, Twitter or Google+.
Brian Erickson, Transformative Wave, http://www.transformativewave.com, +1 206-852-2617, [email protected]
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