Calif. Tax-Exempt Property Meets Solar Energy Systems

Law360, New York (January 17, 2014, 6:45 PM EST) -- While helpful, California’s Board of Equalization has not exactly taken the most pro-renewable energy position in their new guidance on the effect of the installation of a solar power system on tax-exempt property. In what appears to be a fairly common acquisition structure, for example, a solar power company installs a solar power system that it retains ownership of, and the nonprofit provides the space for installation and then leases the system from the solar company. The nonprofit expects to save more on its energy bills...
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