Combination of Solar Credits & LIHTC 9% Credits Non-DDA/QCTDDA/QCT Cost of Solar Installation $I,000,000$ 1,000,000 (Reduced per TE Bond %) 0% -- Solar Tax Credits (30% x $1,000,000) 30% 300,000 Reduction to LIHTC Basis (50% of Solar Credits) 50% (150,000) Remaining Basis for LIHTC 85% 850,000 If DDA/QCT /AGENCY DESIGNATED AREA ---Basis Boost, then boost by 30% 130% 850,0001,105,000 Times LIHTC Credit Rate (times 10 years) 9.00% 765,000994,500 Equity Raised from LIHTC (assume.80/credit) * $0.80 612,000795,600 Equity Raised from Solar Credits (assume.90/credit) * $ 0.90 270,000 Total Equity Raise due to adding Solar 882,0001,065,600 Net Cash (Cost) Benefit of Solar Install** (118,000)65,600 *Prices subject to project specifics & negotiation **Not including any State Rebates, utility incentives, or energy savings; no developer fee taken on solar
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