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
Copyright©2012 Vocus, Inc.
All rights reserved