Cohousing-L Mailing List: Recovery of solar tax credits by homeowners' association

[David Heimann (heimann]

Hello All,

	We are looking into buying solar panels here a JP Cohousing.  Part 
of the financial incentives for installing solar are Federal and state tax 
credits.  While these cannot be used directly by the condo homeowners' 
association since that it a non-profit entity, the credits can be passed 
through to the residents.  The condo can recover the credits through an 
assessment if needed to make the purchase financially viable.  However, 
some of the residents don't earn enough money to pay taxes, so would be 
hit by an assessment to recover money they never received.

	So here's the question:  Has any community on this list obtained 
solar panels?  If so, how did they handle the tax credits?  (We have been 
thinking about forming a private fund where some households can donate to 
the households with no tax credits, so has anyone addressed that question?)

Thanks,
David Heimann
Jamaica Plain Cohousing