[RE-wrenches] Residential tax credit

[Christopher Warfel]

This link is not from IRS, and should be verified by a tax expert, but 
it says it can be carried forward for 20 years.


https://www.recsolar.com/blogs/calculate-solar-tax-credit-2021/

Chris


On 3/16/2021 10:43 AM, Howie Michaelson wrote:
> The last I heard, the residential tax credit could only be rolled 
> forward 1 year - so spread out over 2 years. But I'm not an 
> accountant, so if anyone authoritative knows differently, I'd love to 
> but corrected.
> Howie
> Howie Michaelson
> Sun Catcher
> NABCEP Certified Solar PV Installer™
> Solar Electric & Heat Pumps Systems Sales & Service
> 802-272-0004
>
> On Tue, Mar 16, 2021, 10:39 AM Christopher Warfel 
> <cwarfel at entech-engineering.com 
> <mailto:cwarfel at entech-engineering.com>> wrote:
>
>     The credit does not need to be taken in one year. It can be spaced
>     out over successive years.  Chris
>
>     On 3/15/2021 3:55 PM, drake.chamberlin at redwoodalliance.org
>     <mailto: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 <http://athens-electric.com>
>>
>     -- 
>                             Christopher Warfel
>     ENTECH Engineering, Inc.
>     PO Box 871, Block Island, RI 02807
>     401-466-8978
>     <http://entech-engineering.com>
>
>
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-- 
             Christopher Warfel
                      ENTECH Engineering, Inc.
PO Box 871, Block Island, RI 02807
                                 401-466-8978
<http://entech-engineering.com>


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