Incentives
Louisiana Personal Tax Credit (La. R.S. 47:6030)
50% of the first $25,000 of the cost of each system, including installation costs; a residence may install
multiple systems. Any excess credit which exceeds teh taxpayer's liabilities for that year shall be treated as an overpayment, and the
Louisiana Department of Revenue will issue a refund for the remaining amount within one year of receiving the claim.
Federal Residential Tax Credit (26 USA § 25D)
30% of the total cost of each system; there is no maximum; if the federal tax credit exceeds tax liability, the
excess amount may be carried forward to the succeeding taxable year.
Solar Energy Property Tax Exemption (La. R.S. 47:1706)
Any equipment attached to an owner-occupied residential building or swimming pool as part of a solar
energy system is considered personal property that is exempt from ad valorem taxation. The value of a solar energy system will not be
included in the assessment of such buildings or swimming pools.
Corporate Depreciation (26 USC § 168)
Under the federal Modified Accelerated Cost-Recovery System (MACRS), businesses may recover investments in
solar electric and solar thermal property (along with various other renewable energy technologies) through deprecation deductions. Additionally,
The American Recovery and Reinvestment Act of 2009, included a 50% bonus depreciation provision for eligible renewable-energy systems acquired
and places in service in 2009.
Business Energy Investment Tax Credit (ITC) (26 USC § 48)
The credit is equal to 30% of expenditures, with no maximum credit. Eligible solar energy property includes
equipment that uses solar energy to generate electricity, to heat or cool (or provide hot water for use in) a structure, or to provide solar
process heat. Hybrid solar lighting systems, which use solar energy to illuminate the inside of a structure using fiber-optic distributed
sunlight, are eligible. Passive solar systems and solar pool-heating are not eligible.