50% State Tax Credit Now Available towards the Cost of Solar Power for your home or apartment.

Lousiana Solar Tax Credit Opportunity Overview:

I. State Tax Credit - Act 371 - Effective Jan. 2008

• Applies to residential and apartment projects.
• Covers solar hot water, solar electric, solar pool heaters and wind generators.
• 50% tax credit up to maximum system cost of $25,000.
• Allows multiple systems on same building, thus basically unlimited credit.
• Treated as overpayment at end of year and state writes check back to you.
• Goes into effect January 1, 2008 - No expiration date.

II. Federal Tax Credit - 2005 Energy Policy Act

Residential

• Covers solar hot water and solar electric. Solar pool heaters excluded.
• 30% tax credit up to a maximum credit of $2,000.
  
• Unused credit can be carried forward.
• Limited to one solar hot water and one solar electric credit in any tax year.
• Currently set to expire on December 31, 2008.
• Expected to be renewed and is in both versions of current energy policy bills.

Commercial

• Covers solar hot water and solar electric.
• 30% tax credit unlimited.
• Tax credit basis can be increased by developmental and financing costs.
• Unused credit can be carried forward.
• Accelerated 5-year depreciation on 85% of tax credit basis.
• Depreciation basis appears to be unaffected by state tax credit.
• Currently set to expire on December 31, 2008.
• Expected to be renewed and is in both versions of current energy policy bills.

50% State Tax Credit NOW!
Available towards the cost of
solar power for your home or apartment.

How to Receive the 50% State Tax Credit
What you need to know to qualify your purchase and receive your tax credit is included in these Louisiana Department of Revenue Rules for " Wind or Solar System Tax Credits" . learn more

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