[RE-wrenches] Church Solar

[Mark Richardson]

No Taxes, No Tax CREDITS...
But a Power Purchase Agreement works nicely in that situation.

[NYLE LOGO SMALL]
Mark Richardson
mrichardson at newyorklightenergy.com<mailto:mrichardson at newyorklightenergy.com>

From: re-wrenches-bounces at lists.re-wrenches.org [mailto:re-wrenches-bounces at lists.re-wrenches.org] On Behalf Of Rich Nicol
Sent: Thursday, September 12, 2013 4:48 PM
To: 'RE-wrenches'
Subject: Re: [RE-wrenches] Church Solar

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> [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 Installer(tm)
Journeyman Electrician

Brothers Electric Solar
brotherselectricsolar.com<http://brotherselectricsolar.com>
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