State Tax Credit Incentives The Louisiana Solar Tax Credit
applies to solar and wind energy systems including photovoltaics (Solar
Electric), wind power, and Solar Thermal systems (Solar Hot Water). The
credit is good for 50% of the installed cost of the system and can be
claimed for multiple systems until 100% of the home’s energy needs have been meet. Commercial owners of apartment buildings may claim the credit
as well. The credit is refundable so if the amount of taxes your owe
is less than the value of the tax credit, you get a refund!
Federal Tax Credit Incentives
In addition to the Credits offered by the State of Louisiana, the Federal Solar Credit is offered at 30% of the cost of the installed system. There is no cap on these incentives and anyone can take advantage of them regardless of income and property location. Solar pool heating systems are the only exception from federal credits. However the state credit does still apply. This federal tax credit is a rollover and can apply to any owed taxes from the year of installation until 2016 when the credit expires.
These two tax credits combined allow you to save 80% on the total cost and instillation of your Solar Systems.
Learn more about the Louisiana Wind & Solar Energy Tax Credit
