<p>Even better to convert to a ROTH IRA and not have to worry about future taxes, if he can afford cash for the System.</p>
<div>
<pre> </pre>
<pre><strong><span style="font-size: small;">Dave Angelini Offgrid Solar
"we go where powerlines don't"
<a href="http://members.sti.net/offgridsolar/" target="_blank">http://members.sti.net/offgridsolar/</a>
e-mail <a href="mailto:offgridsolar@sti.net">offgridsolar@sti.net</a>
text 209 813 0060</span></strong></pre>
</div>
<p>On Mon, 15 Mar 2021 15:13:59 -0500, Kristopher Schmid <solman@legacysolar.com> wrote:</p>
<blockquote type="cite" style="padding-left:5px; border-left:#1010ff 2px solid; margin-left:5px; width:100%"><!-- html ignored --><!-- head ignored --><!-- meta ignored -->
<div dir="ltr">An early draw on an IRA is a good way to create a tax liability where none exists.<br clear="all" />
<div>
<div>
<div class="gmail_signature" dir="ltr">
<div dir="ltr">
<div>
<div dir="ltr">
<div>
<div dir="ltr">
<div>
<div dir="ltr">
<div>
<div dir="ltr">
<div>
<div dir="ltr"> </div>
<div dir="ltr"> </div>
<div dir="ltr">Shine On!<br /><br />Kris Schmid<br />Legacy Solar, LLC<br />137 West 1st Avenue<br />Luck, WI 54853<br /><a href="http://www.legacysolar.com">www.legacysolar.com</a><br />715-653-4295<br />NABCEP Certified PV Installation Professional<br />Licensed Wisconsin Master Electrician<br />BSEE
<div style="padding: 0px; margin-left: 0px; margin-top: 0px; overflow: hidden; word-wrap: break-word; color: black; font-size: 10px; text-align: left; line-height: 130%;"> </div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<br />
<div class="gmail_quote">
<div class="gmail_attr" dir="ltr">On Mon, Mar 15, 2021 at 2:56 PM <<a href="mailto:drake.chamberlin@redwoodalliance.org">drake.chamberlin@redwoodalliance.org</a>> wrote:</div>
<blockquote class="gmail_quote" style="margin: 0px 0px 0px 0.8ex; border-left: 1px solid #cccccc; padding-left: 1ex;"><br /> Hello Wrenches,<br /> <br /> A client would like to have an 11 kW residential system installed. He <br /> would like to utilize the federal tax credit, but is retired and doesn't <br /> have sufficient income to benefit.<br /> <br /> His son would finance most of the system if he could get the credit. His <br /> son is grown and lives out of state. Is there a good way to accomplish <br /> this? Should they set up a PPA?<br /> <br /> Thanks,<br /> <br /> Drake<br /> <br /> Drake Chamberlin<br /> Athens Electric LLC<br /> Ohio Electrical Contractor's License 44810<br /> CO Master Electrician's License 4526<br /> NABCEP Certified PV Installation Professional<br /> <a href="http://athens-electric.com">athens-electric.com</a><br /> <br /> -- <br /> _______________________________________________<br /> List sponsored by Redwood Alliance<br /> <br /> List Address: <a href="mailto:RE-wrenches@lists.re-wrenches.org">RE-wrenches@lists.re-wrenches.org</a><br /> <br /> Change listserver email address & settings:<br /> <a href="http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org">http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org</a><br /> <br /> There are two list archives for searching. When one doesn't work, try the other:<br /> <a href="https://www.mail-archive.com/re-wrenches@lists.re-wrenches.org/">https://www.mail-archive.com/re-wrenches@lists.re-wrenches.org/</a><br /> <a href="http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org">http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org</a><br /> <br /> List rules & etiquette:<br /> <a href="http://www.re-wrenches.org/etiquette.htm">http://www.re-wrenches.org/etiquette.htm</a><br /> <br /> Check out or update participant bios:<br /> <a href="http://www.members.re-wrenches.org">http://www.members.re-wrenches.org</a><br /> </blockquote>
</div>
</blockquote>