Santa Monica, Calif. - - Pure Power Distribution (www.PurePowerD.com)
The Fund, designed to deliver the leasing of PurePowerD™ Mobile Solar Power Systems™ to end users for off-grid applications, is fully subscribed. The Fund is designed to pass through tax credits to investors to help them offset tax liability.
The Fund provides proprietary mobile solar power systems, which replace diesel or gas generators for providing power off-grid for applications as diverse as entertainment events, construction and agricultural uses. At cost-parity or better with traditional generators, the Pure Power mobile solar systems provide a profitable, quiet, clean and green alternative to the noisy, polluting, and dangerous off grid fuel powered generators available today. Pure Power Distribution is bringing clean energy alternatives to the marketplace utilizing proven, reliable and safe technology while utilizing the additional tools of federal, state and local tax credits and other incentives, many of which just became available following the October 3, 2008 Economic Stimulus Bill to reduce the costs of clean power.
The October bill extended the availability of the tax credits until 2016.
“We are proud, to be what we believe to be first to the market, and in first in class on this offering” says Scott Chaplan, Executive Chair of Pure Power.
“To close a green and clean solar power fund quickly, in this challenging economic environment, is especially satisfying,”
