Louisiana Rebates For Solar Panels

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.

Louisiana rebates for solar panels.

The state is no longer accepting any new applications. Louisiana s average cost of a solar panel installation ranges from 12 368 to 16 732. The tax credits were allocated on a first come first serve basis. Louisiana does not offer state energy rebates.

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. Plus state law exempts the value of a solar system from being added onto your property taxes. The biggest advantage of installing solar panels in louisiana is the federal tax credit. 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.

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 provides a tax credit for solar photovoltaic pv systems purchased and installed on or after january 1 2008 and before january 1 2018. Louisiana state energy rebates. Solar power rebates are incentives federal or state governments offer to reduce the cost of going solar.

Solar energy system tax credits. 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. Revenue information bulletin 17 012. 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.

The disadvantage of installing solar panels in louisiana is that there is very little in the way of state and utility based incentives. Act 413 of the 2017 regular session of the louisiana legislature. The consensus on louisiana solar power rebates and incentives louisiana is a state run by fossil fuel interests. The tax break reduces.

On a cost per watt w basis a solar panel installation in louisiana ranges in price from 2 47 to 3 35. Another calculation that potential solar buyers have to consider is the solar payback period.