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

[Janet Murphy (janetmusicrn]

Re: Solar Panel Installation Financing
Don't forget that the interest you accrue on your reserve fund is taxable
to the cohousing, and tax credits can likely be applied to that tax return.
Arboretum Cohousing received a tax credit for electric car charging a few
years ago. The federal credit for that not only wiped out the taxes for
that year, we were able to use the remainder of the credit to offset other
years. It was certainly simpler than having each member take a credit
themselves. Having an accountant do our taxes really helped with this.
Janet Murphy
Arboretum Cohousing.