Louisiana Rebates For Solar Panels

Act 413 of the 2017 regular session of the louisiana legislature.

Louisiana rebates for solar panels.

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 state energy rebates. The consensus on louisiana solar power rebates and incentives louisiana is a state run by fossil fuel interests. Louisiana does not offer state energy rebates.

Another calculation that potential solar buyers have to consider is the solar payback period. Louisiana provides a tax credit for solar photovoltaic pv systems purchased and installed on or after january 1 2008 and before january 1 2018. 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. On a cost per watt w basis a solar panel installation in louisiana ranges in price from 2 47 to 3 35.

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. Plus state law exempts the value of a solar system from being added onto your property taxes. The tax break reduces. Solar power rebates are incentives federal or state governments offer to reduce the cost of going solar.

The disadvantage of installing solar panels in louisiana is that there is very little in the way of state and utility based incentives. Revenue information bulletin 17 012. Solar energy system tax credits. Good net metering laws are a bonus for louisiana residents.

The biggest advantage of installing solar panels in louisiana is the federal tax credit. 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. 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. Louisiana s average cost of a solar panel installation ranges from 12 368 to 16 732.