Louisiana Solar Tax Credit
August 7, 2009
Louisiana has the best solar tax credit program in the United States. Period. When combined with our residential property tax exemption on solar electric and solar water heating systems: Louisiana is the most solar friendly state in the country. And, when you add the current solar energy federal tax credit to our state credit: you get 80% of what you spend on a system refunded back to you.
What does all of this add up to?
Simply put: If you live in Louisiana, it is crazy not to have a residential solar electric and solar water heating system installed ASAP.
Louisiana’s Wind and/or Solar Energy System(s) Tax Credit
In 2007, the Louisiana legislature passed Act 371, which gives a tax credit for solar and wind energy systems. Here’s the kicker – if the amount is more than the taxes you owe, you get a check. That’s right. The bigger and better system you install in your home, the more you are going to save (up to $12,500.)
Let’s take a look at an example:
- Cost of Solar System and Installation – $27,000
- Cost after Louisiana Solar Tax Credits – $14,500
- Cost after Federal Solar Tax Credit – $6,400
If you’ve been on the fence about installing green energy in your home (or looking to build a home with it), this is enough to push you over to “greener pastures.” If you want a new energy efficient home with solar power built into the deal, give us a call. We will make it happen.