Louisiana is known for its winding bayous, amazing Creole cuisine, and wild Mardi Gras parades, but did you know that it’s also a great state for home solar? Whether you’re in Shreveport or Baton Rouge, you can save thousands of dollars on your electricity costs in the Pelican State when you install a solar panel system on your home. Here are the Louisiana solar incentives and rebates that can help make that happen.
The best way to compare your solar options and save money at the same time is by registering on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.
Cut costs with Louisiana solar tax credits and incentives
Louisiana has some of the best solar incentives for homeowners in the country, including:
Louisiana net metering
Net metering is one of the most important regulatory policies for residential solar owners in Louisiana (and many other states across the country) because it allows you to sell any excess solar energy you may have back to the grid. While you are out and about during the day and not using much electricity at your house, your solar panels can be hard at work saving you money.
Home Energy Loan Program (HELP)
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. 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 the Department of Natural Resources.
The federal solar tax credit
Don’t forget about federal solar incentives! With the Investment Tax Credit (ITC), you can reduce the cost of your PV solar energy system by 26 percent. Keep in mind that the ITC applies only to those who buy their PV system outright (either with a cash purchase or solar loan), and that you must have enough income for the tax credit be meaningful.