A bill proposing a tax credit for the purchase and installation of solar energy systems in Louisiana failed to advance Tuesday from the House Ways and Means Committee. (Wes Muller/La. Illuminator)
A bill proposing a tax credit for the purchase and installation of solar energy systems in Louisiana failed to advance Tuesday from the House Ways and Means Committee.
Republican legislators voted against the measure, 7-3.
House Bill 794, sponsored by Rep. Edmond Jordan, D-Baton Rouge, would have offered a 50% rebate up to $25,000 for new or existing solar systems at any residential or commercial property. The program would end after three years and cost the state $15 million.
The bill would essentially resurrect a similar tax credit that expired a few years ago but with a key difference. Rebates would be issued on a first-come, first-serve basis with a cap of $5 million per year. The solar tax credit that ended in 2017 had no cap, which led to some budgeting volatility and became expensive, costing the state about $261 million, according to the legislative fiscal office.
The proposed program would have cost $5 million per year plus staffing expenses at the Department of Revenue that could have exceeded $100,000, according to the bill’s fiscal note.
SUPPORT NEWS YOU TRUST.
Our stories may be republished online or in print under Creative Commons license CC BY-NC-ND 4.0. We ask that you edit only for style or to shorten, provide proper attribution and link to our web site. Please see our republishing guidelines for use of photos and graphics.