Solar Panel Incentives Louisiana

The federal solar tax credit.

Solar panel incentives louisiana.

Solar energy system tax credits. Louisiana s average cost of a solar panel installation ranges from 12 368 to 16 732. Louisiana solar option 2. Act 413 of the 2017 regular session of the louisiana legislature.

An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. Revenue information bulletin 17 012. Louisiana is a state run by fossil fuel interests. Policies incentives for using solar panels in louisiana.

Though it s not a particularly solar friendly state the county state and federal governments are attempting to make going solar more lucrative for louisiana residents. On a cost per watt w basis a solar panel installation in louisiana ranges in price from 2 47 to 3 35. Thanks to the itc you can reduce the cost of your solar panels system by 26 percent through a credit on your federal income taxes. The consensus on louisiana solar power rebates and incentives.

Another calculation that potential solar buyers have to consider is the solar payback period. A net metering policy allows those with solar power to earn back in cash the energy they didn t use from their. The tax break reduces. Buying your own panels this works well if you have the cash available and are prepared to invest it in a solar roof.

The solar incentives in louisiana will have a significant impact on your total solar costs but you can t forget about the federal solar tax credit also known as the itc. Louisiana provides a tax credit for solar photovoltaic pv systems purchased and installed on or after january 1 2008 and before january 1 2018. They finally succeeded in killing home solar power for all but the most stalwart environmentalists who can afford to take a financial hit for their love of the natural world we currently enjoy. Also keep in mind that the federal government offers a 30 tax credit for the whole installed cost of your system that s a huge benefit available to you no matter where you live in the us.

Plus state law exempts the value of a solar system from being added onto your property taxes. The credit may be applied to personal corporate or franchise taxes depending on the entity which purchases and installs the system but. This term tells us as at what time you will recover your. Over the long term you get the greatest return on your investment and partly because of the very generous tax incentives provided both by the state and federal governments it won t be long before you.

Act 413 of the 2017 regular session of the louisiana legislature solar energy systems tax credit ldr news release payments authorized for solar energy system purchasers affected by tax credit cap.