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Solar energy tax credits see new light in Louisiana Legislature

Source: nola.com - May 3, 2017

A state legislative committee moved Monday (May 1) to fix one of its "broken promises" by unanimously passing a bill to pay solar energy systems tax credits still owed before it put a cap on the program took effect last summer. House Bill 187, by Rep. Gregory Cromer, R-Slidell, now goes to the full House for consideration.

If approved, anyone who installed solar power ahead of the cap going into effect would receive the state's 50 percent credit, even if they made their purchase after $10 million cap was reached. No solar power systems purchased on or after June 30, 2016, would be eligible for the credit.
The fiscal note on the bill shows a $15.7 million impact on state revenues for 2017-2018 payouts, which concerns Rep. Ted James, D-Baton Rouge -- particularly because the number of people who purchased solar panel systems is unclear.

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Category: General Business