Solar Power Stations for OxBlue Construction Cameras Are Eligible for Renewable Energy Tax Credits
OxBlue is notifying construction and real estate professionals in the U.S. about renewable energy tax credits that may be available to them with the purchase of an OxBlue Solar Power Station. This notification is being released to construction and real estate professionals who use construction cameras to stay informed about construction site progress, who are interested in green power, and who are looking for ways to reduce taxes. U.S. Customers who purchase OxBlue Solar Power Stations will normally save more than $1,000 dollars with the federal tax credit. As an additional service, OxBlue will prepare the required paperwork at no charge for use by the client's tax professional.
Highlights of the Solar Energy Property Tax Credit:
- Tax credit can be claimed by taxpayers on Form 3468
- Solar energy property is defined by the code (code section 48(a)(2)(A)(i)(II)) as equipment that uses solar energy to generate electricity, to heat or cool a structure, or to provide solar process heat (but not for a swimming pool)
- The credit is not allowed for property unless it is depreciable or amortizable; its construction, reconstruction or erection is completed by the taxpayer; and it meets the official quality and performance standards in effect at the time of acquisition
Extension of Tax Credit until 2017On October 3, 2008, the U.S. House of Representatives passed historic legislation that extends the 30% solar tax credit until 2017. This creates a significant opportunity for both existing and future OxBlue customers who elect to utilize solar-powered construction cameras.
"OxBlue has been a pioneer in solar-powered construction cameras. Many of our new and existing customers have taken a particular interest in our solar-powered construction cameras due to the ease of installation, reliability, and cost point," explains Chandler McCormack, CEO of OxBlue Corporation. "The new tax benefits make the decision to purchase the OxBlue solar power stations for those cameras that much more compelling. It's exciting to be rewarded by the federal tax code for investing in technology which helps to keep your entire project team up to date on construction progress."
In addition to federal tax incentives, customers of OxBlue may be eligible for other state, local and utility incentives that promote renewable energy. Additional information regarding these incentives can be found on the DSIRE (Database of State Incentives for Renewables and Efficiency) website at dsireusa.org.
OxBlue serves its customers with offices in both the U.S. and Europe, providing construction camera services to construction sites in all 50 U.S. States and on 6 Continents. The company is renowned for its plug and play high-resolution live construction cameras that transmit remotely through wireless cellular signals.
OxBlue ignited the construction camera revolution with the release of its turnkey construction camera service in 2001. Today, OxBlue continues to lead the industry in innovation with its award-winning technology and first-class customer service. OxBlue is committed to providing construction clients with effortless project management solutions via innovative, web-based camera technology backed by premier customer service. For more information about OxBlue and its line of solar-powered wireless outdoor cameras, visit http://oxblue.com or call (888) 849-2583.