Beginning January 1st, 2008 The state of Louisiana became the #1 state in the nation for Solar by encouraging its residents to install solar panels, solar thermal systems such as water and pool heaters, and wind energy systems. This is a refundable tax credit up to $12,500 for each system needed to meet 100% of your homes energy needs. There is no limit to the number of solar systems you can install on your home and this credit applies to:
- Solar panels used to generate electricity
- Solar hot water systems
- Solar pool heating systems ( La. is the only state that offers credits on swimming pools!)
- Wind energy systems
Sound too good to be true? We assure you it is and encourage you to check out the Database of State Incentives for Renewable Energy and the Louisiana Department of Revenue
In a nutshell, the tax credit applies to residences and apartment building owners but not to businesses. All costs associated with installing a solar energy system are eligible for the tax credit. The Louisiana Solar Tax credit will be claimed on your state tax forms by submitting the following information, which we will provide to you upon completion of your work.
- The license number of the LA Solar Equipment Contractor who installed the system
- Serial numbers of all equipment installed
- A shading analysis of the equipment location to make sure it is installed in a sunny location
- A manual explaining safe operation of the system
- A computer model of the system’s output, called a PV Watt analysis, so owners get an honest assessment of their systems impact
