Skyline Energy introduces new and exclusive Solar PV Financing Program for Churches and Non-Profits

CORONA, Calif. - July 19, 2013 - PRLog -- Skyline Energy’s new Solar PV legacy Project Finance Plan© brings together the church members to pool their tax liability and finance the projects for the church under an LLC. This simple and elegant model for non-profit clients lets them finance their Solar PV and other energy retrofit projects by taking advantage of all the tax benefits as well as the local and state rebates which would not have been otherwise possible under a 501(c) non-profit status.

Skyline Energy’s Solar PV Legacy project Financing Plan© is to form a for-profit LLC to buy and own the system.  Since profits from an LLC flow down to LLC members the flows of profits and losses will depend on how you set up the operating agreements, those having tax liabilities would use the federal and state credits, thus making the project more palatable. The church then would start paying a lower monthly electric bill to the LLC for duration of 5-7 years. The LLC would get the 30% federal Credit and the 50% accelerated depreciation along with the utility rebate where available. The LLC then votes to donate the system to the church five to Seven years later–and gets another write-off, and the LLC is dissolved and the church ends up owning the Solar PV system free and clear.

We need to look beyond the financial dollar amount of PV incentives and consider value.  The same financial incentives can have more or less value depending on the owners’ tax and financial position.  “You may want to explore setting up a single-purpose business entity to capitalize on the incentives.  “Thus everybody can win” says Robert Srinivas- president /CEO of Skyline Energy.

If you are looking to reduce your utility bill significantly by putting solar PV system on your church and need help to setup this model to make your Solar PV project make financial sense and make this project happen, please call Skyline Energy immediately at (951)543-7555.  www.skylineenergyusa.com.