Louisiana Rebates For Solar Panels

The disadvantage of installing solar panels in louisiana is that there is very little in the way of state and utility based incentives.

Louisiana rebates for solar panels.

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. Net metering is a system in which solar panels or other renewable energy generators are connected to the public utility allowing customers to offset the cost of the energy they draw from the utility with credits they earn on their own production. Louisiana does not offer state energy rebates. 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.

Act 413 of the 2017 regular session of the louisiana legislature. The tax break reduces. Louisiana state energy rebates. Revenue information bulletin 17 012.

On a cost per watt w basis a solar panel installation in louisiana ranges in price from 2 47 to 3 35. Louisiana s average cost of a solar panel installation ranges from 12 368 to 16 732. Plus state law exempts the value of a solar system from being added onto your property taxes. Good net metering laws are a bonus for louisiana residents.

The tax credits were allocated on a first come first serve basis. 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. Solar energy system tax credits. This can be a definite benefit when trying to bring a solar energy system online and makes it easier for a solar power system to make financial sense.

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. Another calculation that potential solar buyers have to consider is the solar payback period. Louisiana s solar credit is among the most generous in the country covering up to 50 percent of the first 25 000 spent to install a rooftop solar system.

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. 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.