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

[Elizabeth Magill (pastorlizm]

We did the same. Note that people had to claimed the federal tax
credit for their own houses,
and not plan to do so, as they'd already used, or would lose their own
tax credit.

We also had a community member lend the majority of the expense.

-Liz
(The Rev. Dr.) Elizabeth Mae Magill
Pastor, Ashburnham Community Church
Minister to the Affiliates, Ecclesia Ministries
www.elizabethmaemagill.com
508-450-0431

On Fri, Oct 27, 2023 at 2:44 PM Bob Leigh <bobleigh [at] twomeeps.com> wrote:
>
> 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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