How To Get Free Solar Panels In Louisiana

Louisiana s utilities charge one of the lowest rates per kilowatt hour in the country it averages around 8 cents a kilowatt hour compared to california for instance where the average cost of a unit is.

How to get free solar panels in louisiana.

Louisiana department of revenue provides a 50 refundable tax credit for the purchase of solar electric and solar water heating systems installed at a louisiana residence before january 1 2018. Solar energy system tax credits. 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. Looks here for ways to lower reduce and possibly remove the cost of getting setup with solar panels.

Louisiana s average cost of a solar panel installation ranges from 12 368 to 16 732. Perhaps it would be a good idea to contact a solar advocacy organization and ask them to fight for solar in your state. Free discounted solar panel installation. Solar energy systems tax credit.

Louisiana is first in the country for energy consumption per capita largely because of the state s industrial sector it is also the state with the least expensive average price of electricity coming in at just under 0 097 per kwh the majority of this energy comes from natural gas. The credit can be applied to the first 25 000 of the cost of purchase of the system. Act 413 of the 2017 regular session of the louisiana legislature solar energy systems tax credit ldr news release payments authorized for solar energy system purchasers affected by tax credit cap. 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.

Trying to get free solar panels in louisiana. Louisiana does not offer solar power purchase agreements or leases. Unfortunately louisiana does not offer a sales tax exemption on installing a solar panel system. Depending on exactly how much solar power the panels provide you get to keep any savings you make from the energy shining down on your roof.

This means you ll still need to pay an additional 4 on your solar panel system purchase so budget carefully before leaping in. Revenue information bulletin 17 012. This term tells us as at what time you will recover your. Another calculation that potential solar buyers have to consider is the solar payback period.

Louisiana is one of the top five natural gas producing states in the country.