Cohousing-L Mailing List: Re: Solar Panel Installation Financing

[Bob Leigh (bobleigh]

When we installed solar panels on our common rooves in 2015, we were able
to have individual households claim federal and state tax credits.  Like
your organization, our condo association does not make a profit so it pays
only minimal taxes, but we divided the credits up on the same basis as we
do condo fees:  "percent interest" of each unit.

Bob Leigh
Cornerstone Village Cohousing
Cambridge, Massachusetts

On Fri, Oct 27, 2023 at 2:07 PM Claire Richards <clairerichardsrn [at] 
gmail.com>
wrote:

> Greetings,
> We're exploring how to fund solar panel installation. We are a
> not-for-profit (but not non-profit) and are a cohousing association.
> We're aware there is a tax exemption of 30% but we don't pay taxes since by
> our by-laws we never make a profit. But we aren't a non-profit.
> I'm not certain if we qualify for the whole direct payment that non-profits
> are eligible for and wondering if others have figured this out and what you
> learned.
> Thank you,
> Claire
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