$4,531,444 as of today so you can see the direction this is going.
Unless there's a change we're looking at 1-2 weeks left at the current rate unless they increase the funding available. That's not unheard of, but unlikely. I haven't heard any indication this will happen.
If you are wanting to apply for a grant then your next chance after this money runs out will be the ERIG round that is expected to open in February or March.
If you run your current piece of heavy equipment 2,000 hours or so a year it would be worth your while to wait for that round anyway. The rebate grants shine if you're replacing a unit that runs less.
Tuesday, November 24, 2009
Wednesday, November 18, 2009
Rebate Grant Funds Remaining - UPDATE
As of today: $8,638,579
That money is going at a pretty good clip when you look at the earlier post that still had around $16 million.
That money is going at a pretty good clip when you look at the earlier post that still had around $16 million.
Thursday, November 5, 2009
What Does Tier 3 Look Like?
Just a visual to help grasp what we're working to accomplish - in addition to getting our customers grant money.
We are a Donaldson filter dealer and while going through their website our Product Support Sales Manager saw this file and forwarded it to the in-house TERP geek, me.
It shows a comparison of particulates released by diesel engines at different tier levels. The top image is on-road and the bottom one applies to off-road like the equipment we sell.
When talking about minute particulates released into the air it is nice to have a visual aid.
We are a Donaldson filter dealer and while going through their website our Product Support Sales Manager saw this file and forwarded it to the in-house TERP geek, me.
It shows a comparison of particulates released by diesel engines at different tier levels. The top image is on-road and the bottom one applies to off-road like the equipment we sell.
When talking about minute particulates released into the air it is nice to have a visual aid.
Watching Those Rebate Grant Funds
The current TERP Rebate Grant round will end at the end of next March or when they run out of funds, whichever comes first. As of 11/2/09 they had a shade under $16 million left.
It will be interesting to watch the rate the funds are awarded. On the one hand it's free money, but I also wonder if most of the low-hanging fruit has already been picked. That's to say, have most of the people who best fit as applicants, who understand the program and who are willing to buy already filed for what they need? Very wait-and-see.
The Rebate Grants don't saddle heavy equipment owners with a requirement of annual hours of use which sounds pretty appealing given the current economic outlook. They also have a shorter turnaround time to funding.
They also do not match the dollar value if your machines run 2,000 hours each year.
The next ERIG round is supposed to be in February or March of 2010. They normally give applicants a 3-month window to submit then take 2-3 months reviewing. If you wait until signing a Notice to Proceed to take possession of a piece that could mean taking ownership in the last quarter of 2010.
Since the Rebate and ERIG rounds are not running concurrently this time I wonder if they plan to stagger them in the future to spread out the administrative workload and to have some kind of grant round open to applicants most months of the year.
It will be interesting to watch the rate the funds are awarded. On the one hand it's free money, but I also wonder if most of the low-hanging fruit has already been picked. That's to say, have most of the people who best fit as applicants, who understand the program and who are willing to buy already filed for what they need? Very wait-and-see.
The Rebate Grants don't saddle heavy equipment owners with a requirement of annual hours of use which sounds pretty appealing given the current economic outlook. They also have a shorter turnaround time to funding.
They also do not match the dollar value if your machines run 2,000 hours each year.
The next ERIG round is supposed to be in February or March of 2010. They normally give applicants a 3-month window to submit then take 2-3 months reviewing. If you wait until signing a Notice to Proceed to take possession of a piece that could mean taking ownership in the last quarter of 2010.
Since the Rebate and ERIG rounds are not running concurrently this time I wonder if they plan to stagger them in the future to spread out the administrative workload and to have some kind of grant round open to applicants most months of the year.
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