New Orleans residents have access to a handful of available solar incentives and rebates. While Louisiana’s incentive program is not the best in the country, homeowners can save a few thousand dollars with the available programs. Let’s look at the solar incentives in the Big Easy.
Federal Incentives
The most beneficial solar incentive available to New Orleans homeowners is the Investment Tax Credit (ITC) or the federal solar tax credit. The incentive offers a credit equal to 30% of your total solar system cost. You can apply this credit when paying your income taxes the year after you install panels, effectively saving 30% on the price of your solar system. Considering the average system costs $15,840 in New Orleans, solar customers can save about $4,752 with the credit.
Louisiana Incentives
The state of Louisiana offers the following solar incentives:
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