Federal and State Tax Incentives Helping You Save
The Federal Government and State of Louisiana offer tax
incentives for both residential and commercial solar applications.
Federal and State tax incentives can be combined to obtain maximum
credit. These tax incentives are encouraging the use of clean
energy resources to gain independence from foreign oil and to
protect our depleting natural resources. Take advantage of these
incentives and do your part in maintaining a healthy environment.
LOUISIANA TAX INCENTIVES- RESIDENTIAL
Louisiana Residential Tax Rebates-Tax Rebate for Solar and
Wind Energy Systems on Residential Property: Louisiana offers
a 50% tax rebate (in the form of a check) for Solar PV Systems,
Solar Pool Heating, Solar Hot Water Heating, Wind Turbine Systems,
and Solar Space Heat. Louisiana will pay for 50% of the first
$25,000 cost of the system. The maximum rebate is $12,500 per
installed system. This tax rebate can be applied to each system
that you purchase. Read more at www.dsireusa.org.
Solar Energy Systems Exemptions
In Louisiana, Solar PV Systems, Solar Hot Water Heaters,
Solar Space Heat, Passive Solar Space Heat, and Solar Pool
Heating are 100% exempt from paying property tax on these
systems. Read more at www.dsireusa.org.
Home Energy Rebate Option (HERO)
Residents can receive cash rebates up to 20% of the cost
of the energy efficient improvements. The maximum incentive
is $2,000. Read more at www.dsireusa.org.
FEDERAL TAX INCENTIVES- RESIDENTIAL
Residential Renewable Energy Tax Credit: The Federal
Government offers a 30% tax credit (w/ no cap in '09) for
residential properties that have Solar PV Systems, Solar Hot
Water Heating, Wind Energy, and other Solar Electric
technologies. Some incentives do have maximum limits. Read
more at www.dsireusa.org.
Residential Energy Efficiency Tax Credit
A personal tax credit up to 10% for energy efficiency
improvements done to the building's envelope, and 100% tax
credit for energy property improvements, but may have limits.
Read more at www.dsireusa.org.
FEDERAL TAX INCENTIVES- COMMERCIAL
Business Energy Tax Credit
Commercial businesses are eligible for a 30% tax
credit if the business installs Solar PV systems,
Solar Water Heat, Solar Thermal Electric, Wind Systems,
Solar Hybrid Lighting, and more. There is a no maximum
on Solar applications but there is a $4,000 maximum on
small wind turbine systems. Read more at www.dsireusa.org.
Energy Efficient Commercial Buildings Tax Deductions
Eligible businesses can take advantage of the corporate tax
deduction ranging from $.30- $1.80 per square foot depending
on the technology used and amount of energy reduction with a
maximum of $1.80. Businesses are eligible to receive this
deduction by using building insulation, water heaters, lighting
sensors/controls, heat pumps, air conditioners, duct/air sealing,
and more. Read more at www.dsireusa.org.
Energy-Efficient New Homes Tax Credit for Home Builders
Home Builders can receive a corporate tax credit from $1,000-$2,000
depending on energy savings.
USDA Rural Energy for America Program
(REAP): Certain commercial businesses, schools, local and federal government,
agriculture and public power entities are eligible for a federal grant covering
up to 25% of the cost of the project if these businesses use Solar PV Systems,
Solar Water Heat, Solar Electric, Wind Turbines, and more. Read more at
www.dsireusa.org.
Tax Credit for Solar and
Wind Energy Systems on Residential Property (Corporate)
The business must be on residential property (such as an apartment complex)
to be eligible. Louisiana will pay for up to 50% of the first $25,000 cost of
the installed system. The maximum is $12,500, but the credit can be applied
to every system purchased and installed. Eligible technologies include Solar
PV Systems, Solar Hot Water Heating, Solar Pool Heating, and Wind Systems.
Read more at www.dsireusa.org.
