Success Stories: AMB Property Corporation (NYSE:AMB) started using OxBlue Solar Construction Cameras on jobsites in order to monitor the project from day one, when sites are being cleared and temporary power is not yet available. A construction camera is only as good as the view it can capture, and Solar Power Systems allow AMB to position cameras anywhere on the site they like, regardless of power line locations. The systems eliminate the coordination and headaches of getting power to the right location, which can be an issue in both urban and rural areas. In addition, AMB were able to use the OxBlue Solar Power stations as part of their LEED certification program and to take advantage of the 30% Federal Tax Credit for Renewable Power. Needless to say, the decision to use OxBlue Solar Power stations has resulted in a successful customer and program.
Tax Incentives: An additional incentive for these construction cameras is the renewable energy Federal tax credit program. The Solar Energy Federal Tax Credit offers a 30% credit for equipment that uses solar energy to generate electricity, such as the solar power stations available from OxBlue. For most companies, that translates into savings starting at more than $1,000 per camera.
The Solar Energy Federal Tax Credit has become so popular that the U.S. House of Representatives recently passed legislation that extends the 30% Federal tax credit through 2017, giving business owners plenty of time to purchase a solar construction camera system and take advantage of the dollar for dollar tax savings opportunity.
In addition to federal tax incentives, customers purchasing the solar power station for a construction webcam system 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.
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