While the southern state has many positive policies in place to make solar power more attainable, Louisiana still has plenty of room to grow. The state is still behind when it comes to overall solar production, but great solar incentives make switching to solar power much easier. These solar incentives, along with plenty of sunshine, makes the outlook positive for solar energy in Louisiana. This article will help you decide if you should make the switch to solar power.
Grid Connected Solar Power Systems In Louisiana (2012)
- Systems: 11.0 Megawatt
- Non-Residential Solar Power Systems: 0.9 Megawatt
- Utility: N/A
- Total: 11.9 Megawatt
- Cumulative: 18.2 Megawatt
Louisiana is still below average when it comes to solar energy production. However, the state does outperform neighboring states Mississippi and Arkansas. In terms of cumulative installed capacity, Louisiana's solar production is over ten times the capacity of Arkansas and over twenty times that of Mississippi. While there is still room for improvement when it comes to solar energy production, Louisiana outshines its southern neighbors.
Cost of Electricity in Louisiana
- Electricity Price: $0.08 per kwh
- Average Electricity Bill: $160.00
- Average Bill after Solar: $70.00
Switching to solar power can cut down your energy costs, especially in Louisiana. Solar installation in the state can cut your monthly bill by over 50%. An average 5 Kilowatt solar system will take around 8.5 years to have fully paid for itself. Additionally, Louisiana's net metering laws allow you to sell any excess solar energy back for the amount of consumption. Click here for more information on Louisiana net metering rules.
The average solar radiation in Louisiana is between 3 and 4 Kilowatt per day over an area of 1 square meter (10.76 square foot). This is the same total shared by southern states Florida and Arkansas, reflecting an ample amount of solar energy.
State Solar Incentives and Rebate Programs
- State Solar Tax Credit: 50% of the first $25,000 of the cost of each system. Leased systems installed after December 31, 2013: 38% of the first $25,000 of the cost of each system Maximum Incentive: $12,500 per installed system; 1 installed system per residence
- State Solar Rebate:None
- Property Tax Exemption: 100%
- Sales Tax Exemption:None
Louisiana does not offer a state rebate or sales tax exemption for solar users. However, the state makes up for it with a phenomenal solar tax credit along with complete property tax exemption. While most states only allow incentives for financed systems, Louisiana offers a number of tax credits for leased systems based on when they were built. Check the Database Of State Incentives For Renewables & Efficiency for more information on solar incentives. In addition, the Federal Tax Credit also applies.
Solar Installers in Louisiana
All solar installations in Louisiana must be completed by a properly licensed contractor. Before deciding on a contractor, make sure they have the correct qualifications for solar installation. Visit the Louisiana State Licensing Board for Contractors for additional information on solar installers, or call 225-765-2301.
Summary: Good Time For Solar Incentives
Louisiana's helpful rebate programs and solar incentives make solar energy readily available. With an average savings of $42 each month, now is a great time to take advantage of Louisiana solar power. Try our Solar Calculator to calculate your costs and savings. Ready to get started? Click here to contact solar installers in your area.
Solar Energy Fact Sheet: Louisiana, © SolarContact.com