Tuesday, July 22, 2008

The Importance of Upgrading Your Station

The deadline for the California-required Phase II EVR upgrade is April 1, 2009. The deadline for the ISD installations is September 1, 2009 and September 1, 2010 depending on the facility’s annual throughputs. It is vital to start this process now if you haven’t already.

Many gas station owners are delaying for some of the following reasons:
  • Waiting on additional EVR systems to become available
  • Thinking there is still plenty of time
  • Thinking the deadline will be extended
  • Thinking the deadline will not be enforced
The reality is:
  • Competing EVR systems wont be available until late 2008 at the earliest
  • Permitting and installation can take much longer than expected
  • The deadline will not be extended
  • There will be strict and expensive penalties for noncompliance

Act now to get a installation contractor before they are all booked.

Steve Lee is an Equipment Finance Specialist at a leading financing company, First Star Capital (http://www.firststarcapital.com/ ). Steve is a frequent contributor to online publications and newsletters, and is the author of this blog on commercial financing topics.

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