On Wednesday, October 26 th , the Biden administration awarded nearly $1 billion to U.S. school districts to replace gas-fueled school buses with newer and mainly electric models. The awards will support the purchases of up to 2,463 buses and help cut greenhouse gas emissions nationwide by 5.3 million tons per year, according to a study by the non-profit Public Interest Research Group.
Even with the awarded money school districts may have not been budget-prepared to replace entire fleets. By financing with TEQlease Education Finance school districts can acquire all electric buses needed to transport students this coming school year.
TEQlease Education Finance specializes in providing best-in-class equipment lease financing solutions for public, private, charter and religious schools across the United States. TEQlease Education Finance focuses on providing unparalleled service and on lowering acquisition finance costs, working with customers and equipment vendors through the entire equipment acquisition financing process. TEQlease Education Finance is a division of TEQlease Capital, founded in 2000 in Calabasas, California. For more information, visit https://www.teqlease.com/education_equipment_financing/