LA Prefiled Bills Address Solar Tax Credit Claims

Five Tax Credit Bills Filed in Louisiana Legislature to Address Unpaid LA Solar Tax Credits

The sun may be shining through for solar families in Louisiana.

As of April 1, 2017, five different House bills have been filed in the Louisiana Legislature to help homeowners affected by the state’s troubled tax credit program for solar panels. Once a successful job-creating energy-saving incentive for Louisiana families to install solar panels, the long-running program was modified in 2015 to phase out within three years. Unfortunately, the 2015 modifications had a retroactive impact on many solar owners, and left nearly 1500 families in financial hardship without the credits they expected.

All 2017 prefiled bills take a similar approach to solve the retroactive credit denial problem and to end the credit, but propose two different overall solutions:

HB187 Cromer
Introduced by Reps Cromer, Thibaut, and Gisclair
HB 187 is the first bill filed, and ensures payment for retroactively denied credits, while also extending the period of the tax credit to 2017. It ends the purchase and lease sides of the credit on July 1, 2017.

HB288 Talbot
Introduced by Kirk Talbot
HB288 ensures payment for retroactively denied claims, and extends the eligibility period for purchase systems to December 31, 2015. It is supposedly the only bill sanctioned by LDR and some of the senate leadership, and has more initial support than other bills. Ends the purchase credit on July 1, 2017; does not affect the leased solar side of the credit.

HB301 Foil
Introduced by Franklin Foil
Representative Foil has been a longtime supporter of solar in Louisiana. HB301 is identical to HB 187 word-for-word and provides for the same extension of credits to July 2017.

HB331 Stokes
Introduced by Julie Stokes
HB331 is nearly identical to HB 187 word-for-word and provides for the same extension of credits to July 2017.

HB416 Leger
Introduced by Walt Leger
HB416 is identical to HB288 word-for-word and provides for the same extension of credits to December 2015.

 

Details on each bill can be found here: http://www.legis.la.gov/legis/BillSearch.aspx?sid=17RS

GSREIA will continue to monitor credit-related legislation and determine which has strongest chance of passage. Association priority is to ensure all credit applicants from pre-July 2015 are paid as soon as possible. Click here to sign up for news and updates related to the solar credit.