Why choose Greenscape?
- Upfront cash
- Our technology-enabled solutions mean seamless and hassle free administration
- We handle all legal and compliance burdens
- We assume all regulatory risk
- Our cash incentives are not loans and do not need to be repaid
Why is Greenscape offering me money?
We offer customers cash upfront in exchange for the right to register their equipment with the California Air Resources Board (CARB). We generate LCFS credits from submitting electricity consumption data every quarter, and we then sell these credits to third-party purchasers.
How much money is Greenscape offering?
It depends on the type of equipment, as well as how much it is expected to be used, and the overall size of the fleet. Contact Us and we can usually get you a quote within 2 business days.
How big a fleet can Greenscape finance?
We can finance single pieces of equipment all the way to very large fleet sizes.
What is the LCFS?
California’s Low Carbon Fuel Standard (LCFS) is a market-based system created in 2009 to encourage production and use of low-carbon transportation fuels. Producers/consumers of renewable fuels such as ethanol, renewable natural gas & diesel, and electricity generate credits, while developers of hydrocarbon-based fuels (e.g. refineries) have to purchase these credits.
Why can’t I register LCFS credits myself?
In order to generate and monetize credits, you need to i) be licensed with CARB, ii) have designated compliance professionals on staff, iii) generate credits in scale, and iv) have relationships with independent brokers and trading desks. Most businesses, including Fortune 500 companies, choose to outsource the credit registration process rather than attempt to do it themselves.
What kind of equipment does Greenscape finance?
Greenscape will offer cash towards electric trucks, cargo handling equipment, forklifts, shore power, and electric yard trucks.
Does the money I receive from Greenscape need to be repaid?
The money Greenscape offers is not a loan, does not require interest payments, and does not need to be repaid assuming the business continues to operate in the ordinary course. It also does not involve any security interest or lien on the equipment itself. Customers can use the money to offset the cost of equipment, purchase new equipment, or for any other corporate purpose.
What is the typical term of the contract?
Greenscape contracts are flexible and can last from 3-10 years depending on the upfront cash compensation needs of the customer. Revenue share compensation is also available and can be structured into the contract. .
Does Greenscape only offer money for new equipment purchases?
No! Greenscape is able to offer money for leases of equipment as well. Also, the equipment may be new or used. So long as the equipment is being regularly charged with electricity, Greenscape can make a cash offer.