[RE-wrenches] Federal Tax Credits for Nonprofits

[Conrad Geyser]

Howie,
If you have the tax appetite, just own the system yourself for 5 years,
charging the site for production.  After five years, sell it to them for
whatever balance you need to get to make the numbers work.  As a solar
installer you can do this without many legal hoops.

Other than that you are stuck forming a small PPA LLC and finding an
investor with passive gains to offset.  10 KW is probably too small to be
worthwhile.  If it was 20 KW, that might work.

Conrad
Cotuit Solar

-----Original Message-----
From: re-wrenches-bounces at lists.re-wrenches.org
[mailto:re-wrenches-bounces at lists.re-wrenches.org] On Behalf Of Howie
Michaelson
Sent: Thursday, January 29, 2009 10:56 AM
To: re-wrenches at lists.re-wrenches.org
Subject: [RE-wrenches] Federal Tax Credits for Nonprofits

Hi All,

Does anyone know of a way that a nonprofit could take advantage of the ITC
on a relatively small gridtie (10 kW)?  The only way I know of is if there
is an historical building involved, but this seems only useful for much
larger projects because of the administrative costs involved in pursuing
this angle.

TIA,
Howie
-- 
Howie Michaelson
NABCEP Certified Solar PV InstallerT

Sun Catcher, LLC
Renewable Energy Systems Sales and Service
VT Solar & Wind Incentive Program Partner
http://www.SunCatcherVT.com
(cell) 802-272-0004
(home) 802-439-6096





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