[RE-wrenches] Residential tax credit

[Kristopher Schmid]

An early draw on an IRA is a good way to create a tax liability where none
exists.


Shine On!

Kris Schmid
Legacy Solar, LLC
137 West 1st Avenue
Luck, WI 54853
www.legacysolar.com
715-653-4295
NABCEP Certified PV Installation Professional
Licensed Wisconsin Master Electrician
BSEE


On Mon, Mar 15, 2021 at 2:56 PM <drake.chamberlin at redwoodalliance.org>
wrote:

>
> Hello Wrenches,
>
> A client would like to have an 11 kW residential system installed. He
> would like to utilize the federal tax credit, but is retired and doesn’t
> have sufficient income to benefit.
>
> His son would finance most of the system if he could get the credit. His
> son is grown and lives out of state. Is there a good way to accomplish
> this? Should they set up a PPA?
>
> Thanks,
>
> Drake
>
> Drake Chamberlin
> Athens Electric LLC
> Ohio Electrical Contractor’s License 44810
> CO Master Electrician’s License 4526
> NABCEP Certified PV Installation Professional
> athens-electric.com
>
> --
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