Sid
Harvey’s announces a New Service Program:
R-22 Banking and Buy-Back
For nearly two decades, Sid Harvey
has been a pioneer in refrigerant recovery.
Once again,
Sid Harvey’s has made a significant innovation to our Refrigerant Recovery
Program. By teaming up with our partner,
DuPont, Sid Harvey’s is now offering
our customers an opportunity to participate in the new
R-22 Banking and Buy-Back Program. This
service program is designed to help you deal with the shortages and price
increases that will undoubtedly accompany the government-mandated R-22 phase
out.
Over the past 17 years, Sid Harvey’s
has demonstrated aggressive innovation in refrigerant recovery services and today
is recognized as an industry leader in refrigerant reclamation. In 1992, we introduced the Recover-it Program and since then
thousands of contractors and facility managers, putting their trust in Sid
Harvey’s, have provided more than 8 million pounds of used refrigerant for
recovery. To enhance the program, Sid
Harvey then introduced the industry’s first over-the-counter program for
exchanging or swapping recovery tanks.
The new R-22 Banking and Buy-Back feature has been designed to be really
simple. Submit your signed R-22 Banking
Dealer Agreement and your recovered R-22 earns you the right to purchase the
same number of pounds of virgin R-22 at a substantial savings from the current
market price. You are free to redeem
your bank of R-22 anytime you want, in any volume you want, at any of Sid
Harvey’s 75 branches.
Keep in mind, the price of R-22 will significantly
escalate as we approach
the 2015 deadline when virgin R-22 will no longer be available.
If you choose to sell your recovered
R22, instead of banking it, use our R-22
Buy-Back option which allows you to instantly receive a credit to your Sid
Harvey account for the pounds returned.
It’s that simple!
|
R-22 BANKING FEATURES and BENEFITS |
|
a Priority allocation when R-22 supplies
tighten. a Substantially lower pricing on virgin R-22. a You receive virgin R-22, not reconditioned gas. a You have the ability to track your banked
R-22. a Draw from your bank and drop off recovered
gas at any Sid Harvey branch nationwide. a You can return as little as 20 lb. at a
time. a You can redeem any amount of R22 in your
bank, at any time. a Unlike other wholesalers, there are no monthly
transaction or storage fees. a Your techs are in and out of our branch
fast with a fresh recovery cylinder. |
How R-22 Banking Works
- Your banked R-22 can be redeemed
for virgin R-22 at a Lock-In Rate.
- Your Lock-In Rate will be a set price per pound that is usually 20 to
40% lower than normal
R-22 trade price.
- The Lock-In Rate as of 7/08/09 is $4.00/lb.
- Redemption from your bank is
automatic. Just purchase virgin R-22
from any Sid Harvey branch
and you will be charged the normal trade price at the point of sale. At the beginning of the quarter,
you will be rebated the difference
between what we charged you at point of sale and your
Lock-In Rate. Your rebate can be in the form of a check or
credit to your Sid Harvey account.
- Your Lock-In Rate is fixed until any changes are communicated to
you. You will be notified of
Lock-In Rate changes and given at
least 30 day to redeem your bank, if you chose to, for packaged Freonâ 22 before your bank Lock-In Rate is changed.
- You have the option of selling
your banked pounds to Sid Harvey’s at any time for the Buy-Back Rate in effect
when the refrigerant was banked.
- The Buy-Back Rate as of 7/08/09
is $0.50/lb. (50¢).
Sid
Harvey’s Handles ALL TYPES of Recovered Refrigerants
Your refrigerant recovery needs go
beyond R-22. Sid Harvey’s will accept all
refrigerant under our Recover-It Program.
Recover-It offers two volume options for
refrigerant recovery. We accept quantities
from as little as 20 lb. to as much as 5,000 lb. Contractors and facility
managers can select either volume tier or talk to Sid Harvey’s about designing
a custom program to meet your needs.
- Level I:
This is for small jobs where used refrigerant is collected in 30 or 50 lb.
cylinders and can be returned in over 75 locations nationwide. All of our branches are equipped with an
inventory of clean, certified recovery tanks ready to swap for the tanks turned
in by your technicians. Your investment
in tanks remains low.
- Level II:
This is for the larger jobs where either 125 or 500 lb. cylinders are used. Recovery cylinders are shipped directly to
your shop or job site for small deposit fee that is returned to you. Some contractors choose to use this feature
to consolidate small quantities in their shop and return the refrigerant to us
in bulk.
Regardless of the level, Sid
Harvey’s Recover-It Program combined with our new R-22 Banking and Buy-Back Program provides you with a way to
dispose of your used refrigerant that’s safe, legally compliant and environmentally
sound.
R-22
Banking and Buy-Back Purity Requirements
- Recovered R-22 must meet a
minimum purity of 98% (bank) or 99% (buy-back) in order to
receive credit.
- At the point-of-sale, Sid
Harvey’s will assume that the recovered refrigerant returned meets these purity
levels. If after testing and analysis, your
recovered refrigerant does not meet the purity level; your account will be
billed for the cost to dispose the contaminated refrigerant.
Sid Harvey's is a DuPont Authorized
Refrigerant Reclaim Center