Solar Power Stations for OxBlue Construction Cameras are Eligible
for Renewable Energy Tax Credits
OxBlue is notifying construction and real-estate
professionals about renewable energy tax credits which 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. Customers who purchase OxBlue
Solar Power Stations will normally save more than 1,000 dollars with the
Federal Tax Credit alone. As an additional service, OxBlue is preparing
the required paperwork at no charge for use by the client's tax
professional. For more information about solar powered construction
cameras, or camera options for the construction security and
transportation industry, visit OxBlue.com.
OxBlue, Inc. is increasing awareness for solar tax credits.
Considered "the construction industry's webcam solution", OxBlue is a
pioneer in high resolution solar powered construction camera and
construction webcam technologies. The company has recently been
notifying customers who purchased solar power stations that they may be
eligible for a 30% federal tax credit which will save most customers
more than $1,000 in taxes.
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 2017:
On 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 webcams.
"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 Inc. "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 &
Efficiency) website at dsireusa.org.
Ernie White, VP, Sales & Marketing explains, "We recently completed a
customer service initiative to proactively notify every customer who
purchased a solar power station in 2008 that they may be eligible for a
30% tax credit. Most were not aware that they could receive more than
1,000 dollars in tax credits. Helping them put cash back in their pocket
makes the value of OxBlue's construction monitoring service that much
higher. It's an opportunity to serve our clients and a program we plan
to continue."
OxBlue serves its customers with offices in both the U.S. and Europe,
providing construction webcam services to construction sites in all 50
U.S. states and on 6 continents. The company is renowned for their plug
and play high resolution live construction cameras that transmit
remotely through wireless, cellular signals.
For additional information about high definition construction digital
camera technologies from OxBlue, visit oxblue.com or call 1-888-849-BLUE
(2583).
About OxBlue, Inc.:
OxBlue ignited the construction camera revolution with the release of
its turnkey construction webcam 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 their line of solar
powered wireless outdoor cameras, visit OxBlue.com or call
1-888-849-BLUE (2583).
