Basic information on Louisiana State Tax Credit
For systems purchased and installed after July 1, 2015, in accordance with Act 131.
For a straightforward summary of the law, read this bulletin posted by the Louisiana Department of Revenue.
|Eligible Renewable/Other Technologies:||Photovoltaics (PV)|
|Purchased and Installed After:||July 1, 2015|
|For Purchased Systems:||The lesser of 50% of the total cost of system, $2 per DC watt, or $10,000|
|Maximum Incentive:||$10,000 per installed system; 1 installed system per residence|
|Cap:||$25 million dollars–$10 million dollars for the 2016 fiscal year; $10 million dollars for the 2017 fiscal year; and $5 million dollars for the 2018 fiscal year|
|Specifications:||If claims for 2016 exceed $10 million dollars, remaining claims will be disbursed from 2017’s $10 million dollars. If credits exhaust 2016 and 2017’s collective $20 million dollars, then remaining claims will be granted from 2018’s $5 million dollars and will be disbursed proportionally based on number of claims.|