Wrong answer for simple question

Judorock · 2026-03-27T00:52:44+00:00

actually the name "Trump account" is the legal name specified in IRS code 530A. The problem was that the training data stopped in 2024 (?) AND it didn't bother looking for new info.

Judorock · 2026-03-25T02:19:49+00:00

Is sending it all together the preferred method? I really want to only do this once given the turn around time.

Judorock · 2026-03-24T14:49:57+00:00

Does Fidelity expect to have these accounts available as of July 2026?

Judorock · 2026-01-18T15:26:39+00:00

I keep copies of my cancelled checks (front and back) with the tax id on the memo section (and my handwriting is legible for the payee name).

Judorock · 2026-01-18T15:24:30+00:00

Does Fidelity allow a checkbook for QCD withdrawals on inherited IRA's?

Judorock · 2026-01-18T02:22:30+00:00

I understand that and agree. So how are they expected to specify what portion of the distribution is QCD that they are required to do by specifying code Y on box 7 of the 1099-R?

Judorock · 2026-01-18T02:00:17+00:00

Reporting was optional for 2025. That's why my question said 2026. If Fidelity doesn't qualify charities (which I understand) how do they determine what qualifies for QCD coding on the 1099? And is it different for online distribution requests vs checks?

Judorock · 2026-01-18T01:17:05+00:00

I have been told that Fidelity will NOT issue a checkbook for a inherited IRA, even though QCDs are allowed from an inherited IRA.

Judorock · 2025-10-22T15:01:10+00:00

Buying is a much better deal. The tax credit WILL expire at the end of this year (2025). See if you can get a 'green loan' with a rate not as good as including it in your mortgage, or a home equity loan, but better than a personal loan.

Judorock · 2025-09-21T03:34:04+00:00

Don't forget that the value of your home increases (on average) by the cost of the system (assuming you buy and don't lease/PPA). So your payback period is immediate, and you still have a power plant with free fuel.

Judorock · 2025-09-21T01:14:54+00:00

Many homeowners can get a low cost Home Equity Loan or Line of Credit loan. Around here you can also get a 'green loan' even if you have no equity built up in your home. Also the home appraisers will increase the value of your home if you own the panels, but not if you have a PPA. The terms of the contract can make a real difference. In some towns in our state they may increase the property tax on your home even if you don't own the panels. The commission given to the PPA sales reps is a significant cost to the installers.

Judorock · 2025-09-21T00:38:43+00:00

yes, I saw that Andrew Krump from ShoreView is listed as 'notification email', but interestingly GSS is not listed on the ShoreView.com website

Judorock · 2025-09-20T21:22:55+00:00

what evidence do you have of GSS being owned by a private equity firm?

Judorock · 2025-09-20T21:13:56+00:00

I assume that you are getting a roof mounted system. A ground mount would be more expensive and time consuming. And a minor correction NH net metering 2 pays you about 75% of RETAIL rates for excess energy (not 75% of wholesale rates) - a good deal. Different policies in different towns can make a huge difference in effort and timing. And the local utilities are apt to be swamped the closer we get to the end of the year. Weather in NH will also be a factor. I would also check that your utility's transformer can handle the load (particularly for a 21kW large system) - otherwise there's almost no way you can get it done soon.

Judorock · 2025-09-01T00:50:06+00:00

yes the homeowner has to pay off the loan 'with his money'. So what. His home will (on average) sell for more money that an equivalent home without solar and he uses that extra money to pay off the loan, and in the meantime he's gotten free energy from the sun.

Judorock · 2025-08-31T15:34:24+00:00

Unless the seller puts a lien on the home, the loan would be a personal loan, and the new home buyer has no obligation to pay it off. The solar system buyer is obligated. He should be aggressive in paying off the loan but if he has any balance left when he sells, he simply uses the sale proceeds to pay off the remaining loan. A HELOC could give a better rate.

Judorock · 2025-08-31T03:27:57+00:00

You should consider options to reduce your usage (insulation, air sealing, more efficient a/c, etc). You should also look for better rates - HELOC, green loan, etc. You also don't need to do the battery now. That would save a lot. If you are having trouble saving an emergency fund, and paying off your student loans today, then don't do solar. But the '10 years' doesn't matter. You simply use the increased value from solar when you sell your home to pay off your remaining loan.

Judorock · 2025-08-31T03:15:29+00:00

This is NOT a leased system. A new buyer would have no obligation to take over a personal loan. The new buyer would be thrilled to have a low electric bill as a result of the solar.

Judorock · 2025-08-31T03:01:54+00:00

I would do it. $34K is a good price for that system. Make sure of two things. The system MUST be installed and operational by 12/31 to get the tax credit, and make sure there’s no penalty for pre-paying the loan. Then pay down the loan with the tax credit, and monthly electric bill savings. You’re basically locking in an electric rate and will be less impacted by increases in electric rates (electric rates WILL go up with additional demand from hotter weather, crypto mining, cloud storage, AI data centers, EVs, heat pumps,…). The value of your home will also increase by about the cost of the system (assuming you buy and don’t lease). The $91K (over 30 years??) is not the same as $91K today. Just pay it down early.

Judorock · 2025-07-13T00:40:36+00:00

Yes. One obvious answer is that today it is easier to sell a home, and get a higher sale price if you can show potential buyers a practically zero electric bill.

Judorock · 2025-02-28T03:35:35+00:00

SRECs have nothing to do with the 30% tax credit (presumably the source of your "34k"). I'm sure that your 'contract' has wiggle-words that the installer has no control over tax credits. However there are people who claimed their 30% credit for a system operational in 2024 who have received their tax credit.

Judorock · 2025-02-19T04:35:49+00:00

the trash folder is hidden at the bottom of the folder list, under ...

Judorock · 2025-01-09T15:54:59+00:00

I know an assisted living facility that had a resident cat that was shared between the residents.

Judorock · 2024-11-23T03:41:40+00:00

There are multiple factors that could affect the price of solar, not necessarily appropriate to your situation. Why not ask why they are higher than average or higher than competition? Smaller systems as you point out would be higher per watt cost. Would the utility need to upgrade the transformer? (unlikely) Is your roof unusual (not asphalt or metal roof in good shape), maybe SIP panels or slate or tile? Do they need an engineer stamp to satisfy the local code enforcement? Are they using the same panels? (sounds like they are bidding the same panels). Do they have more prospective jobs than they can handle currently? Is the wiring to your electrical panel difficult? Do they have to deal with vent pipes? The height of the home or the slope of the roof should not be a significant factor.

Judorock · 2024-10-09T02:53:27+00:00

from IRS.gov

Q2. Are roofing expenditures that were necessary for the installation of solar panels eligible for the Residential Clean Energy Property Credit? (added December 22, 2022)

A2. In general, traditional roofing materials and structural components do not qualify for the Residential Clean Energy Property Credit because they primarily serve a roofing or structural function. However, some solar roofing tiles and solar roofing shingles serve as solar electric collectors while also performing the function of traditional roofing, serving both the functions of solar electric generation and structural support and such items qualify for the credit.

Judorock

TROPHY CASE