Louisiana House Bill HB416

Louisiana 2017 Regular Session

• Introduced: 3/31/17
• Refer: 3/31/17
• Refer: 4/10/17

Caption

Provides for the payment of certain claims for the solar energy systems tax credit and authorizes the payment of interest under certain circumstances (OR -$15,700,000 GF RV See Note)

Impact

The implications of HB 416 on state laws primarily revolve around the revision of financial claims for existing solar energy tax credits. The proposed legislation aims to alleviate the financial burden on those who invested in solar installations during a specific timeframe by ensuring that they receive owed credits. By also introducing the possibility of accruing interest on denied claims, it aims to increase fairness in financial redress for consumers who have invested in renewable energy systems. The bill could potentially motivate more residents to consider solar options, thus supporting broader renewable energy goals in the state.

Summary

House Bill 416 introduces provisions for the payment of claims related to tax credits for solar energy systems in Louisiana. The bill specifically concerns eligible solar energy systems that were purchased and installed by December 31, 2015. It establishes a tax credit for both homeowners purchasing systems for their residences and for third parties buying systems for installation. The bill retains current tax credit structures while adding new provisions for claims previously denied, allowing for full payment of credits as long as claims are in accordance with eligibility requirements.

Sentiment

The sentiment surrounding HB 416 seems largely supportive, particularly among stakeholders in the renewable energy sector. Proponents view the bill as a necessary step to rectify past administrative denials of claims, thereby reinforcing trust in the state's commitment to fostering renewable energy. However, some skepticism may exist regarding the financial implications of accumulating interest payments on delayed claims, raising concerns about the state’s budget and the sustainability of funding these credits.

Contention

Some points of contention have emerged around the specifics of eligibility and the financial impact on the state's resources. Critics may argue that while the intention is to facilitate access to renewable energy, the introduction of additional financial liabilities due to interest payments can strain the state's budget. There is also an ongoing debate regarding whether the bill's provisions adequately address the needs of all constituents or primarily serve those who have been most vocally engaged in the solar market.