[RE-wrenches] Residential tax credit

[Dave Angelini Offgrid Solar]

Even better to convert to a ROTH IRA and not have to worry about future
taxes, if he can afford cash for the System.  

Dave Angelini Offgrid
Solar
"we go where powerlines don't"
http://members.sti.net/offgridsolar/
[1]
e-mail offgridsolar at sti.net [2]
text 209 813 0060

On Mon, 15 Mar 2021
15:13:59 -0500, Kristopher Schmid  wrote:  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 [3]
715-653-4295
NABCEP Certified PV Installation
Professional
Licensed Wisconsin Master Electrician
BSEE                  
 
On Mon, Mar 15, 2021 at 2:56 PM  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 [5]

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