Re: Solar panels for homes, provided with public financing
From: Jerome Garciano (jlgebox-04yahoo.com)
Date: Thu, 14 May 2009 05:26:20 -0700 (PDT)
For those interested in financing solar panels, consider the federal tax
credits in Internal Revenue Code §§25D and 48.
Individual taxpayers are allowed a Code §25D tax credit for expenditures for
qualified solar electric property . A tax credit is allowed for 30% of the
qualified solar electric property  expenditures made by the taxpayer during
the tax year.  Qualified expenditures are expenditures for property that use
solar energy to generate electricity for use in a U.S. dwelling unit that is
the taxpayer's residence.  Solar water heating property is also a qualified
expenditure. The property must be placed in service before January 1, 2017.
Code §48 allows a similar 30% investment credit to taxpayer owners who are
set up as businesses.

Jerome Garciano
Boston, MA


On Wed, May 13, 2009 at 4:40 PM, Thomas Lofft <tlofft [at] hotmail.com> wrote:

>
>
>
> This is a great story about a green initiative, started in California,
> Berkeley, of course,
>
> and being copied by entrepreneurs into Boulder, CO.
>
>
>
> Quick Summary: The city finances the cost of adding solar panels to the
> home and pays the costs from a public muni-bond which is prorated to the
> respective properties and added to the annual tax bill for 20 years.  CA
> state legislature, reportedly, has passed enabling legislatioin for every CA
> municipality to do likewise.
>
>
>
> http://www.grist.org/article/2009-05-08-berkeley-solar-financing
>
>
>
> I think cohousing advocates could push for every state legislature to copy
> the model.
>
>
>
> Thanks for reading.
>
>
>
> Tom Lofft
>
> Liberty Village, MD
>
>
>
>
>
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