Solar Panel Incentives Louisiana

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.

Solar panel incentives louisiana. Revenue information bulletin 17 012. 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. The consensus on louisiana solar power rebates and incentives. 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.

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. The credit may be applied to personal corporate or franchise taxes depending on the entity which purchases and installs the system but. Plus state law exempts the value of a solar system from being added onto your property taxes.

The tax break reduces. Louisiana solar option 2. Louisiana is a grid parity state making solar power cheaper than the residential utility rates. 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.

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

The federal solar tax credit. 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. On a cost per watt w basis a solar panel installation in louisiana ranges in price from 2 47 to 3 35. Louisiana is a state run by fossil fuel interests.

Louisiana s average cost of a solar panel installation ranges from 12 368 to 16 732. Solar energy system tax credits. Louisiana provides a tax credit for solar photovoltaic pv systems purchased and installed on or after january 1 2008 and before january 1 2018. The biggest advantage of installing solar panels in louisiana is the federal tax credit.

Especially when used in combination with the 30 federal solar tax credit the incentives listed below can significantly reduce the cost of installation of solar panels for your home or business.