Louisiana Solar Tax Credit Program Declared Overspent by LDR
According to a recent release by the Louisiana Department of Revenue, the state’s Solar Tax Credit program has been fully spent, with an additional $14 million in credit applications that the credit caps did not provide for.
The press release dated July 19, 2016 states: “The amount of claims already submitted for Louisiana’s solar energy system tax credit exceeds the amount of money available to pay claims on purchased systems through the scheduled end of the credit program on December 31, 2017. Consumers purchasing residential solar energy systems from this point forward should not expect to receive tax credits from the state.”
Solar firms still operating in Louisiana are advised to properly inform customers before a contract is signed of the state credit status and that they should “not expect to receive tax credits from the state”. This includes material on all webpages, advertisements and brochures.
Link to full LDR Press Release: http://revenue.louisiana.gov/NewsAndPublications/PressReleaseDetails/5435