Through the purchase of solar lenses and by claiming the available Federal renewable energy tax credits, SOLCO Energy's average business client has dramatically reduced their Federal tax liability by up to eight figures.
Salt Lake City, UT (PRWEB) December 11, 2012
SOLCO Energy's new exclusive corporate purchase program now allows any business with a US Federal tax liability to take advantage of the much sought after Energy Tax Credits for their companies.
The sound of bladeless steam mini-turbines spinning green power from concentrated sunlight in the west desert of Utah—at the same price as traditional energy sources—has been fiscal music to the ears of an increasing number of companies across the US. CEOs are now adding millions of dollars back to their bottom lines, via SOLCO Energy’s (http://press.SolcoEnergy.com) exclusive corporate program.
Taking maximum advantage of Utah's abundance of high-desert sun, each unique solar tower, developed and installed by SOLCO Energy's technology partner, International Automated Systems (IAUS), is fitted with patented, solar-focusing, special plastic lenses—mass-produced under exclusive contract by Lucite. Each 50-foot tower generates uninterrupted electrical power, around the clock, from solar energy focused to 1,300 degrees by day, and supplemented via natural gas power during non-solar hours.
“Through the purchase of solar lenses, and by claiming the available Federal energy tax credits, SOLCO Energy's average business client has reduced their Federal tax liability by $19.9 Million, simply by utilizing up to 100% of their annual federal tax liability towards purchase of SOLCO solar lens systems,” explained Jason Clement, SOLCO Energy’s National Director of Marketing.
“CEOs, CFOs and business owners now have the financial leverage to take advantage of SOLCO Energy's new commercial solar program, which is available immediately. Any company can now substantially reduce their federal tax liability through strategic application of available energy tax credits, both in their current tax year, and again during each tax year through 2016,” according to Clement.
By filing for the 30% Federal energy tax credit—the dollar-for-dollar credit results in no net out-of-pocket cost to the business to purchase their SOLCO solar lens systems. (http://press.SolcoEnergy.com)
Secondly, the business also receives ownership of their solar lenses as a business asset, and benefits from the accompanying multi-year depreciation (consultation with a CPA or tax advisor recommended.)
Finally, a participating company benefits by leasing the use of their solar lenses to IAUS's management company, creating a monthly lease income stream, guaranteed for 30-years, with significant positive monthly net cash flow. The lease income also takes care of the monthly loan payment paid to the management company for financing the 70% balance of the purchase price.
As part of the operating agreement, IAUS also provides all necessary insurance and maintenance, and operates the lens towers on behalf of the participating business.
In exchange for building, operating, insuring and maintaining the company's solar lens purchase, IAUS and its management company benefit by selling the certified-renewable power produced by the company's lenses to retail or wholesale customers located across the United States.
“Any business participating in the SOLCO Energy solar lens program does not have to lift so much as a screwdriver—and there is no installation of any solar equipment at any corporate location, or disruption of any corporate facility at any time,” Clement explained.
How A Company Participates:
A covered opinion letter with Executive Summary by an industry-leading tax law firm detailing the qualifying federal energy tax credit is available to any business with a US federal corporate tax liability. Visit http://press.SolcoEnergy.com for more information. To request an immediate copy of the opinion letter, or to schedule an immediate, no-obligation consultation to learn how your business can immediately benefit, call toll-free 888-365-7552 or email jason (at) solcoenergy (dot) com.
About the Ground-breaking SOLCO Solar Lens Technology:
Tech crews and cranes from SOLCO's technology partner, International Automated Systems (IAUS), are now in the process of erecting hundreds of steel-framed, solar towers each topped by four circular arrays of blade-shaped solar lenses.
In development since 2006 and engineered by IAUS, the special patented plastic solar-focusing lenses in each array tightly direct the sun's energy (similar to a giant magnifying glass) into a patented conical solar concentrator, to produce super-heated steam at up to 1,300 degrees for power generation.
IAUS lenses are ultra efficient, and require virtually no maintenance, unlike typical solar reflector panels (e.g. parabolic solar dishes, troughs, or heliostat mirrors.) Once installed, the unique solar lenses created by IAUS need no further adjustment.
In addition to the solar lenses, IAUS has developed multi-patented, highly-efficient and low-cost bladeless turbine technology that directs high-pressure steam energy that turns the turbine shaft at up to 17,000 RPM, generating cost-effective green electricity. Not only are they much smaller than traditional turbines, the innovative, bladeless turbines are much less expensive, require very little maintenance, and are mounted directly on each solar lens tower.
About SOLCO Energy:
SOLCO Energy is offering this exclusive program in coordination with International Automated Systems (IAUS,) and is quickly becoming known as the #1 Tax Credit Broker for commercial solar energy with regional offices in multiple cities across the United States. SOLCO Energy and IAUS have sold more than $100 Million in commercial solar lens systems, with hundreds of solar towers now in progress.
For more information, visit http://press.solcoenergy.com, call toll-free 888-365-7552 or email Jason Clement directly at jason (at) solcoenergy (dot) com.