Harnessing Wind And Sun To Reduce Taxes

Law360, New York (April 24, 2012, 1:23 PM EDT) -- In addition to the federal tax credit, Louisiana offers a credit in connection with the purchase and installation of wind or solar energy systems. The purchased system, if installed on a Louisiana single- or multifamily residence or a residential rental apartment complex, will yield a Louisiana state income tax credit of up to $12,500 per system. The statutory authority for the credit is Louisiana Revised Statutes 47:6030, effective beginning with the 2008 year.

Benefit of the Credit

The credit is equal to 50 percent of the...
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