HydroPoint Introduces Project Financing
Organizations can comply with water restrictions and take advantage of water savings while eliminating upfront costs
May 31, 2016 – PETALUMA, CA – HydroPoint Data Systems, an established leader in smart water management solutions, and maker of the WeatherTRAK smart irrigation technology.
The financing can eliminate upfront costs and help organizations navigate budgetary restrictions. 100% financing is available for as little as $10,000 or as much as $500,000 for terms of 2 – 5 years, secured by the equipment purchased. Monthly payments can be customized for seasonality and cash flow.
“Today’s commercial property owners and managers are facing a host of water management issues. When you factor in the rising cost of water, increased fines for non-compliance and the public’s ability to ‘water shame’ via YouTube, it is truly no longer economically, socially or legally sustainable to waste water on your sites,” stated Christopher Spain, HydroPoint founder and CEO. “Now, with Pay as You Save financing, budgetary issues are no longer an obstacle for an organization who wants to begin eliminating water waste immediately.”
The underwriting and document process is straightforward and takes less than a week. Qualified municipal organizations such as cities, school districts, hospitals, healthcare facilities and other government entities may qualify for municipal benefits including lower tax-exempt interest rates and non-appropriations.
“We fully expect that some customers will end up paying for their equipment through the water savings they achieve with HydroPoint solutions,” said Ross Reida, National Accounts Manager, Byline Financial Group. “We’re thrilled to partner with HydroPoint and to be able to help organizations reduce water waste.”
HydroPoint is the proven leader in smart water management solutions targeting the area of greatest waste in urban water use, landscape irrigation. As a 2014 EPA WaterSense® Manufacturer Partner of the Year, the Company offers WeatherTRAK®, the most complete and effective smart irrigation management system proven in over 25 independent studies and chosen by leading landscape professionals. From Walmart to Los Angeles County, WeatherTRAK has been helping commercial, government, education, and home communities maximize water savings, reduce operating costs, and minimize risk since 2002. In a single year, HydroPoint’s WeatherTRAK customers cut 15 billion gallons of water, $137 million in expenses, hundreds of thousands of man hours, and 62 million kilowatt hours of energy illustrating that smart water management makes for smart organizations. For more information, visit www.hydropoint.com.