Free Solar Panels For Home Louisiana

Yes louisiana does have a property tax exemption for solar power systems.

Free solar panels for home louisiana.

This term tells us as at what time you will recover your. Federal tax credit for having solar panels in louisiana. Is there a state sales tax exemption in louisiana for solar power. The grape solar 300 watt monocrystalline pv solar panel uses high efficiency solar cells made from quality silicon material for high module conversion efficiency long term output stability and.

The average cost for an installed residential solar system in louisiana is currently 10 558 after claiming the 26 federal solar tax credit. After getting recommendations from an energy auditor you can receive a help loan with a reduced interest rate to pay for the energy work thanks to funds allocated by. Louisiana s average cost of a solar panel installation ranges from 12 368 to 16 732. Although this is a fantastic side benefit to solar panels an increase in your home s value can also cause an increase in your property taxes.

Another calculation that potential solar buyers have to consider is the solar payback period. This is 2 38 per watt. Louisiana is first in the country for energy consumption per capita largely because of the state s industrial sector it is also the state with the least expensive average price of electricity coming in at just under 0 097 per kwh the majority of this energy comes from natural gas. Known as the federal solar tax credit this incentive provides a 26 tax credit of the entire solar system cost.

An installed solar panel system adds up to and over 15 000 to your home. 25 years but taking out a loan as well as leasing a solar provider s panels makes sense too and you will find whatever you decide to do you won t regret it. Solar panels don t just give you free energy they also increase your home s value. The louisiana department of natural resources offers low interest home improvement loans to homeowners who go solar or conduct other energy efficiency measures on their property.

Electricity is just so cheap in louisiana right now a solar system for you home isn t a good investment unless the environmental benefits are worth. The solar investment tax credit offered by the united states federal government is available to louisiana home and business owners. We use a 6 return to evaluate all solar investments and louisiana s 4 129 npv on a 5 kw solar system means you d be that much better off investing your money in stocks over 25 years than solar. Solar panel cost in louisiana.

Louisiana is one of the top five natural gas producing states in the country. Does louisiana offer a property tax exemption for solar energy. Yes louisiana has a tax credit for going with solar power. On a cost per watt w basis a solar panel installation in louisiana ranges in price from 2 47 to 3 35.