TIP Capital and ecoInsight have aligned their resources to present building owners with a competitive financing alternative to upgrade their properties to the latest energy efficient lighting technology while reducing their monthly utility costs.
More than $1.6 billion in energy retrofit upgrades occurred last year through financing versus a straight cash sale, said Sean McCloskey, CEO of ecoInsight. “TIP Capital’s flexible financing program was integrated into our mobile application to fulfill the growing demand in the marketplace and provide an efficient energy auditing and quoting tool for energy professionals to present budget-friendly upgrades to building owners.”
“Our iPad-to-cloud solution allows building sales professionals to efficiently conduct electrical and lighting audits, develop energy efficiency recommendations and generate financially-driven energy upgrade proposals,” he added. “Now, with our partnership with TIP Capital, our users also can generate a professional financing proposal and credit application for their customer.”
“Our main goal was to make it easy for our users to estimate financing payments and the associated impact on the cash flows of the energy upgrade project. Now, with a few clicks of the mouse, users are able to offer their customers an alternative to a large upfront ‘cash’ sale.”
“With access to this easy-to-use integrated financing solution and the obvious need in the energy efficiency market, ecoInsight and TIP Capital provide a competitive program to satisfy all parties involved – especially the project owner,” said Ross Reida, Vice President, National Accounts, TIP Capital Specialty Markets Group. “We believe this partnership will provide both energy professionals and building owners with an easy-to-use, affordable financing alternative that helps overcome budgetary constraints.”
TIP Capital is a leading, independent equipment financing and asset management company headquartered in Bloomfield Hills, Michigan. TIP Capital specializes in providing customized “lifecycle management” financing solutions for their client's equipment acquisitions locally in Michigan and throughout the United States, Canada and Mexico.