House Bill 32 Could Give Businesses a 50% Tax Credit for Solar

Homeowners across Louisiana who have purchase solar systems in 2008 are aware of the very generous Louisiana state tax credit and  the 30% federal tax credits available to them. Businesses however, are currently only able to claim the federal tax incentives. Now, if Rep. Franklin J. Foil, gets his way, businesses will be able to claim the state tax credit for solar as well as the federal tax credit. If passed, House Bill 32 will “create a new commercial credit equal to 50% of the first $25,000 of the costs associated with the project, as long as it was purchased and installed on or after Jan. 1, 2008. It also stipulates that the credits can be used in conjunction with any other federal tax credits earned for the same system.”  (Jeremy Alford, )