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 [email protected] [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] -- _______________________________________________ List sponsored by Redwood Alliance List Address: [email protected] [6] Change listserver email address & settings: http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org [7] There are two list archives for searching. When one doesn't work, try the other: https://www.mail-archive.com/[email protected]/ [8] http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org [9] List rules & etiquette: http://www.re-wrenches.org/etiquette.htm [10] Check out or update participant bios: http://www.members.re-wrenches.org [11] Links: ------ [1] http://members.sti.net/offgridsolar/ [2] mailto:[email protected] [3] http://www.legacysolar.com [4] mailto:[email protected] [5] http://athens-electric.com [6] mailto:[email protected] [7] http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org [8] https://www.mail-archive.com/[email protected]/ [9] http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org [10] http://www.re-wrenches.org/etiquette.htm [11] http://www.members.re-wrenches.org
_______________________________________________ List sponsored by Redwood Alliance List Address: [email protected] Change listserver email address & settings: http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org There are two list archives for searching. When one doesn't work, try the other: https://www.mail-archive.com/[email protected]/ http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org List rules & etiquette: http://www.re-wrenches.org/etiquette.htm Check out or update participant bios: http://www.members.re-wrenches.org
