[RE-wrenches] Federal Tax Credits for Nonprofits

[Brian Sipp]

Let's not forget that not all non-profits are charitable.  I have an interested condominium HOA that I believe is structured as a N/P, which I understand is very common in HOA's.  I assume that we will run into this issue regarding PV on their common areas.  I'd be very interested to hear how others may have addressed this issue in similar situations. 
 
Courtesy of Wikipedia:  "The fastest growing form of housing in the United States today is common-interest developments (CIDs), a category that includes planned-unit developments of single-family homes, condominiums, and cooperative apartments.  In a CID, dues are paid to a nonprofit association, whose members vote on how to spend the money. "  
 
I know that many of the larger charitable N/P's have ways to taking advantage of the credits as mentioned before.  But what about the myriad of HOA's across the country.  Seems like an awfully large chuck of potential market to ignore over tax credits.  
 
Best Regards
 
Brian M. Sipp
First Source Solar
www.FirstSourceSolar.com
Brian.Sipp at FirstSourceSolar.com
916-342-2630

 
 
 
 

--- On Thu, 1/29/09, Carl Adams <swingjunkie at gmail.com> wrote:

From: Carl Adams <swingjunkie at gmail.com>
Subject: Re: [RE-wrenches] Federal Tax Credits for Nonprofits
To: "RE-wrenches" <re-wrenches at lists.re-wrenches.org>
Date: Thursday, January 29, 2009, 2:19 PM


Howie,

I think Matt has it right.  There is a need and place for this type of arrangement.  A generic boilerplate PPA which could be passed off to Non-Profits as a cookie cutter for initiating the own PPA with there own donor/investors would be a help in making this go.  Does anyone have such a document they would be willing to share?

Thanks
Carl


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