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
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 &
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.chamber...@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 c
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 offgridso...@sti.net [2]
text 209 813 0060
On Mon, 15 Mar 2021
15:13:
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
Hi Drake,
Whoever owns the property claims the credit. Unless things have changed, the
unused portion of the credit can be carried over for up to 20 years. He could
use portion of it each year.
Larry
On Mar 15, 2021, at 12:55 PM, drake.chamber...@redwoodalliance.org wrote:
Hello Wrenches,
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 o
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