[RE-wrenches] Church Solar

[Rich Nicol]

Hi Alex

A local Unitarian Church in my area installed solar where the generation
credits were group net metered. Everyone who invested in the system (or
bought a panel) that was mounted on the church had the proportionate amount
of the credits applied to their utility bill at their residences. They were
advised by a CPA that they could take the 30% federal tax credit from IRS
form 5695 on their personal returns as owners of a portion of the system.
IRS form 5695 reads like a residence, but not necessarily a main home,
rather than a system remotely installed and invested in to me.  Some
accounting professionals are more aggressive in their interpretations to
find tax breaks than others. 

I always advise that as solar installers we can point toward tax incentives
but recommend to customers that they talk to an accountant about application
of the tax credit.

Thanks

Rich 

 

From: re-wrenches-bounces at lists.re-wrenches.org
[mailto:re-wrenches-bounces at lists.re-wrenches.org] On Behalf Of Alex Cozine
Sent: Thursday, September 12, 2013 12:42 PM
To: RE-wrenches
Subject: [RE-wrenches] Church Solar

 

I ask, WWWD, 

 

what would wrenches do for church/school installations in respect to
federal/production incentives specifically at churches and schools?

 

One person champions the federal tax incentive? 

A "corporation/congregation" owns the proposed system?

Each member of congregation owns a module? 

 

Is there any way to have tax/production incentives at a church?


 

-- 

Alex Cozine

NABCEP Certified Solar PV InstallerT
Journeyman Electrician

Brothers Electric Solar
brotherselectricsolar.com 

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