Solar tax credit for retired

[PVGeezer]

Not so.
Ues, if the home is inherited, date of death tax acrues.
However, if the property is setup as a trust, there are no tax penalties.

The tax benefits of a grantor trust can be a bit murky I think. As I understand it the crucial test is who enjoys the "beneficial ownership" of the property (in this case the solar system). If it's the grantor then he can claim the tax credit but the grantee cannot. So I'm not sure that setting up the property as a trust would help in the case where you continue to live in the house but the kids have the tax liability. Have you been through this and come to a different conclusion?

 

[Chicat]

What zero tax bracket? Min tax is 10% of taxable income. Oh wait, you must mean the billionaire's tax bracket

Even if my livable taxable income was zero I would use the solar tax credit to pull out my money from my IRA. Why? Because its my money and I can damn well invest it better than my IRA managers can.

First time ever heard of using a PV array to attract a mate.

If you are lucky enough to live in a state that doesn't tax social security, and you pull $18000 or less out of retirement, you will pay zero income tax

 

[Rmart30]

Kids name on the home with you? Maybe they could claim it being co owner?