The owner/purchaser of solar is entitled to the solar investment tax credit sometimes referred to as ITC and other tax benefits such as depreciation. Nonprofit organizations, churches and HOAs are tax exempt or partially tax exempt and don’t qualify for the credits. (See [a] below.)

There are special contractual arrangements that can be made where a tax paying entity takes temporary ownership of the project and gets all the tax benefits and then shares the tax credit with the nonprofit organization. This usually is around 12-18%. I can assist in making these arrangements.

[a] The recently Inflation Reduction Act (Fall 2022) provides for the tax credits to be made available to nonprofit exempt  organizations. However, the Act does not define what a nonprofit organization is or how they get the credit.  We have to wait for the Treasury Department to issue regulations for the specifics of the Act.

As an independent solar advisor I can assist with obtaining or sharing in the solar investment tax credits.

Contact Us for assistance.

Jim Colville
Independent Solar Consultant (ISC) and Advisor