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Solar Panels Tax Credit New Orleans

Louisiana Wind Solar Energy Tax Credit

NARRATOR On the roof of his home in Baton Rouge, Herb Sumrall is inspecting an innovation that's already saving money every month, solar panels. Herb Sumrall, Homeowner My wife and I, when we built the house, were pretty much into solar conservation. So, we've done a bunch of things over the years and this seemed like the appropriate thing to do and the appropriate time. NARRATOR Solar panels make electricity from sunlight and Sumrall's power bill is a fourth of what it used to be. Plus, the cost of installing this array will be significantly offset when.

He files his state and federal taxes. William Little, Louisiana Department of Revenue The Solar and Wind Power Tax Credit gives a taxpayer a refundable credit for 50 percent of the first 25 thousand dollars of the costs associated with installing a wind or solar powered energy system. That is the state tax credit. The analogous federal tax credit is 30 percent of the same installation costs. Adding these two together, you get 80 percent of the installation costs. Legislative leaders both in Washington and the state level are trying to generate energy efficiency at the.

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