FAQs - Frequently asked questions
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FAQs - Frequently asked questions
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FINANCING & INCENTIVES
What types of financing programs can help reduce the cost of electrifying my fleet?
Fleet operators can access several financial mechanisms that significantly lower the overall cost of transitioning to electric vehicles. These include government grants, revenue from carbon compliance units generated by zero‑emission vehicles, and incentives tied to smart demand management, which help limit peak‑demand charges.
Polara supports your fleet at every step, from identifying the most advantageous programs and maximizing eligible amounts to simplifying administrative requirements. And when needed, Polara can also offer turnkey, no‑upfront‑cost financing solutions through Polara Capital, making electrification more accessible and financially viable.
What is Polara Capital, and how can it help finance my fleet electrification project?
Polara Capital is a flexible financing program that enables fleet operators to electrify their operations with zero upfront investment.
Instead of paying immediately for vehicles, chargers, infrastructure, or software, Polara spreads the costs over time, making your electrification project easier to launch and far more affordable from day one.
With Polara Capital, you can:
- Start your electrification project with no CAPEX, thanks to a financing structure tailored to your fleet’s needs.
- Bundle everything into a single plan: vehicles, charging stations, infrastructure upgrades, software and management services.
- Reduce financial risk by aligning payments with real‑world usage and potential revenue streams (like carbon credit monetization).
- Accelerate your deployment with a turnkey approach that removes complexity and keeps your project on track.
Polara Capital gives you the flexibility and financial breathing room to launch or scale your electrification strategy, even when budget constraints are an obstacle.
How does Polara support me with my grant applications?
Polara provides end‑to‑end support for your grant applications, from preparing the required documentation to assisting with submission, depending on what each program allows.
When the program permits it, we can submit the application on your behalf.
When the application must be submitted directly by the client, we guide you through every step: assembling the required documents, outlining all information you need to provide, reviewing your application, and helping you estimate the funding you may qualify for.
This structured support helps reduce errors, increase your chances of approval, and speed up access to incentives for charging stations, infrastructure upgrades, or software solutions.
How does carbon credit monetization work for an electric fleet?
Every electric vehicle in your fleet generates carbon compliance units, which Polara aggregates, certifies, and sells on the regulated market. The revenue from these sales is then returned directly to your organization.
Because Polara manages the entire process end‑to‑end (from data collection to certification and market transactions) you can turn every kilowatt-hour charged into recurring revenue without any added effort on your part.
How can demand response management reduce my operating costs?
Demand response programs allow you to earn credits on your electricity bill by automatically reducing your energy use during grid peak periods.
With the Cleo platform, this load reduction is fully automated and seamless: charging is temporarily adjusted during the event while still ensuring that your vehicles remain adequately charged to meet your operational needs.
These programs are available through certain energy providers such as Hydro‑Québec (QC), BC Hydro (BC), and several U.S. utilities.
Contact us to find out whether a similar program is available in your region.