South Coast Solar

South Coast Solar has been actively involved in the creation and lobbying for important renewable energy legislation in the State of Louisiana.  Although not yet passed, the three bills that are before the Senate are key steps to the “Greening” of Louisiana, and making sure that solar is here to stay and accessible to everyone.

The passage of Senate Bill 91, the Commercial Tax Credit Bill, will provide business owners with a 25% State Tax Credit up to $450,000 per project.  This credit will be in addition to the unlimited 30% Federal Tax Credit and will allow business owners to install large renewable energy systems on their property.  Senate Bill 92 is in general a “fix-it” bill allowing for third party ownership of solar energy systems (think leasing), provides a consumer protection mechanism and removes anti-stacking language with regard to multi-family developers, allowing them to use renewable energy tax credits in addition to new market tax credits and other federal incentives.  And, last but definitely not least, SB 224 authorizes the creation of Sustainable Energy Finance Districts throughout the State of Louisiana.  This very smart public policy legislation will authorize municipalities to issue tax-exempt bonds to create a pool of money for citizens to access 100% of their funding needs for renewable energy and energy efficiency equipment/services.  I urge everyone to contact their representatives and request their support for these important bills.  The passage of all three will ensure that Louisiana stays on the vanguard of the national renewable energy industry.

SB91 - Click to Download.

SB92 - Click to Download.

SB224 - Click to Download.