Louisiana Free Printable Solar Energy Income Tax Credit for  Individuals and Businesses for 2017 Louisiana Solar Energy Income Tax Credit

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Solar Energy Income Tax Credit
Solar Energy Income Tax Credit for Individuals and Businesses

R-1086 (1/17) FILING PERIOD 2016 S o l a r E n e r g y I n c o m e Ta x C r e d i t f o r Individuals and Businesses Individual PLEASE PRINT OR TYPE. Business Name of Taxpayer/Entity claiming credit Social Security No./Entity Louisiana Revenue Account No. Name of Taxpayer’s spouse (if joint individual income tax return) Spouse’s Social Security No. (if joint individual income tax return) Taxpayer residence address (if individual income tax return) or Business address City State ZIP Total Available Credit 1 Complete a worksheet, from page 2, for each solar energy system. Add the amounts from Line 12 for each worksheet and enter the total. 1 Share of qualifying tax credit from partnerships, trusts or small business corporations (Number of units ____________ ) 2 2 Name of Entity: Louisiana Revenue Acct No: 3 3 Total Credit Available to the taxpayer (Add Lines 1 and 2.) LSA-R.S. 47:6030 provides for a credit against income tax for the purchase and installation of a solar electric system hereinafter referred to as “system”. The credit may be claimed by a third-party owner through a lease with the owner of a single-family detached residence located in this state. However, only one tax credit with respect to each residence is allowed and no other tax credit will be allowed for any other system installed at that residence. See Revenue Information Bulletins No.13-026 and 15-026, and LAC 61:I.1907 for additional information regarding additional requirements and restrictions. System components purchased on or after July 1, 2013 must be compliant with the “Buy American” requirements of the federal American Recovery and Reinvestment Act of 2009 (ARRA). See Revenue Information Bulletin 13-013 for more information. The tax credit for a leased system installed in 2016 is equal to 38 percent of the first $20,000 of eligible cost. For the purpose of determining the cost basis of the credit for a leased system, the eligible cost is $2.00 per watt limited to 6 kilowatts for a system purchased and installed on or after July 1, 2015 and before July 1, 2018. If you received this credit through an interest in a partnership, trust, or small business corporation, please retain copies of the Schedule K-1 or other document that support your share of the distributed credit amount entered on line 2 above. This credit may be used in addition to any federal credits earned for the same system, but the taxpayer is prohibited from using any other state tax benefit for property for which the credit is claimed. Declaration I declare that to the best of my knowledge of all available information, this refund claim is true and complete and complies with all statutes, rules and regulations, and any other policy pronouncements related to the solar energy income tax credit. Signature of Taxpayer, Entity Officer or Other (for other, attach power of attorney) Date (mm/dd/yyyy) X Signature of Spouse (if joint return) Date (mm/dd/yyyy) Please complete a separate worksheet and supplemental information sheet for each solar energy system for which you are requesting credit. Attach each worksheet to page 1. 1 R-1086 (1/17) FILING PERIOD S o l a r E n e r g y I n c o m e Ta x 2016 Leased Systems (Credit Code 74F) Worksheet PLEASE PRINT OR TYPE. Name of Taxpayer/Entity claiming credit Social Security No. /Entity Louisiana Revenue Account No. Name of Taxpayer’s spouse (if joint individual income tax return) Spouse’s Social Security No. (if joint individual income tax return) Physical address of location where system installed City State ZIP LA Date the installation of the energy system was completed ________________________________________ (mm/dd/yyyy) in a Louisiana residence. Contractor’s Name Contractor’s Louisiana License Number Computation of the Credit 1 Cost of new system equipment 1 2 Cost of new system installation 2 3 Taxes associated with new system 3 4 Total (Add Lines 1 through 3.) 4 5 Enter the smaller of $20,000 or the amount on Line 4. 5 6 Enter the sum of the nameplate kW of all of the photovoltaic panels in the system. 6 7 Multiply Line 6 by 1,000. 7 8 Enter the smaller of $6,000 or the amount on Line 7. 8 9 System cost per watt 9 10 Multiply Line 8 by Line 9. 10 11 Enter the smaller of Line 5 or Line 10. 11 12 Multiply Line 11 by 38% (.38). This is your credit. 12 2 $2.00 R-1086 (1/17) FILING PERIOD Solar Energy Income Tax Credit 2016 Supplemental Information PLEASE PRINT OR TYPE. Name of Taxpayer/Entity claiming credit Social Security No./ Louisiana Revenue Account No. Physical address of location where system installed City Name of Taxpayer’s spouse (if joint return) Spouse’s Social Security No. State ZIP LA System Information Total nameplate listed kW of all installed panels: Provide the Make, Model and serial number of generators, alternators, turbines, photovoltaic panels and inverters for which a credit is being applied. Make Model Serial Number Attach Additional Sheets if Needed Louisiana Administrative Code 61:I.1907 requires certain information about the system be provided to determine eligibility for the credit. Below is a list of additional information required about the solar system. Failure to provide this information may result in the disallowance of the credit. 1. A copy of the modeled array output report using the PV Watts Solar System Performance Calculator. The calculator was developed by the National Renewable Energy Laboratory and is available at the website www.nrel.gov/rredc/pvwatts. The analysis must be performed using the default PV Watts de-rate factor. 2. A copy of the solar site shading analysis conducted on the installation site using a recognized industry site assessment tool such as a Solar Pathfinder or Solmetric demonstrating the suitability of the site for installation of a solar energy system. 3. A copy of the installation contract signed by the taxpayer and a copy of the receipt or paid invoice detailing the amount of purchase. 3 R-1086 (1/17) FILING PERIOD Solar Energy Income Tax Credit 2016 Residential Property Owner Declaration PLEASE PRINT OR TYPE. Name of Taxpayer/Entity claiming credit Social Security No./ Louisiana Revenue Account No. Physical address of location where system installed City Name of Taxpayer’s spouse (if joint return) Spouse’s Social Security No. State ZIP LA This page must be signed by the owner of the property on which the solar system is installed. I, the undersigned residential property owner, am the lessee of a solar energy system and may be entitled to claim the Louisiana solar energy income tax credit pursuant to R.S. 47:6030. I understand and acknowledge my right to consult a tax professional prior to claiming any Louisiana state tax credit for which I may be eligible. I understand and acknowledge that LAC 61:I.1907(F)(2) and (3) provide cost ineligible for inclusion under the tax credit. I understand that R.S. 47:6030(C)(1) explains that my “cost of purchase” or overall “costs” of a solar energy system cannot include any lease management fee or any inducement to lease a solar energy system. I understand that an inducement is an incentive for me to lease a solar energy system. An inducement may be offered to me as a rebate, prize, gift certificate, trip, additional energy item or service, or any other thing of value given to me by the seller, installer, or equipment manufacturer as an incentive for me to lease a system. Whenever marketing rebates or incentives are offered to me in return for a reduction in the lease price of the system or as an inducement to lease, the eligible cost under LAC 61:I.1907(F)(1) will be accordingly reduced by the fair market value of the marketing rebate or incentive that I receive. Date (mm/dd/yyyy) Last 4 digits of SSN Signature _______ _______ _______ _______ 4 R-1086-B (1/17) FILING PERIOD 2016 Sworn Statements by Licensed Dealer and Installer Pursuant to Act 131, Department of Revenue Form R-1086 shall contain the following sworn statements by the licensed dealer who leased the system and the licensed installer who installed the system. This page should be completed in its entirety and included with Form R-1086. Residential Property where the Solar Energy System was Installed Address City State ZIP The undersigned is an authorized principal in _______________________________________________________, is licensed by the Louisiana Board of Contractors as required by R.S. 47:6030, and certifies under penalty of law, particularly R.S. 14:202.2(A), that the system leased to the homeowner of the residence located at ___________________________________________________ has a total nameplate value of ___________________ kilowatts, that no solar dealer, solar installer, or installer affiliate financed the repayment obligations, and that a reasonable good faith belief exists that the residence is eligible for the credit provided for in this Section in the amount claimed on a Louisiana income tax return. ___________________________________________________ ___________________________________________________ Dealer’s Name (printed) Dealer’s Name (signature) ___________________________________________________ Dealer’s Louisiana License Number The undersigned is an authorized principal in ______________________________________________________________________, is licensed by the Louisiana Board of Contractors as required by R.S. 47:6030, is a licensed installer, as required by R.S. 37:2156.3, and certifies under penalty of law, particularly R.S. 14:202.2(A), that the system installed at the residence located at ____________________ ______________________________________________________ has a total nameplate value of _____________ kilowatts. ___________________________________________________ ___________________________________________________ Installer’s Name (printed) Installer’s Name (signature) ___________________________________________________ ___________________________________________________ Installer’s Louisiana License Number Date the installation of the energy system was completed and placed in service ___________________________________________________ Notary Public 5 R-1086-B (3/16) FILING PERIOD 2015 Sworn Statements by Licensed Dealer and Installer Pursuant to Act 131, Department of Revenue Form R-1086 shall contain the following sworn statements by the licensed dealer who sold or leased the system and the licensed installer who installed the system. This page should be completed in its entirety and included with Form R-1086. Residential Property where the Solar Energy System was Installed Address City State ZIP The undersigned is an authorized principal in _______________________________________________________, is licensed by the Louisiana Board of Contractors as required by R.S. 47:6030, and certifies under penalty of law, particularly R.S. 14:202.2(A), that the system sold or leased to the homeowner of the residence located at ___________________________________________________ has a total nameplate value of ___________________ kilowatts, that no solar dealer, solar installer, or installer affiliate financed the repayment obligations, and that a reasonable good faith belief exists that the residence is eligible for the credit provided for in this Section in the amount claimed on a Louisiana income tax return. ___________________________________________________ ___________________________________________________ Dealer’s Name (printed) Dealer’s Name (signature) ___________________________________________________ Dealer’s Louisiana License Number The undersigned is an authorized principal in ______________________________________________________________________, is licensed by the Louisiana Board of Contractors as required by R.S. 47:6030, is a licensed installer, as required by R.S. 37:2156.3, and certifies under penalty of law, particularly R.S. 14:202.2(A), that the system installed at the residence located at ____________________ ______________________________________________________ has a total nameplate value of _____________ kilowatts. ___________________________________________________ ___________________________________________________ Installer’s Name (printed) Installer’s Name (signature) ___________________________________________________ ___________________________________________________ Installer’s Louisiana License Number Date the installation of the energy system was completed and placed in service ___________________________________________________ Notary Public 5
Extracted from PDF file 2016-louisiana-form-r-1086.pdf, last modified December 2007

More about the Louisiana Form R-1086 Corporate Income Tax Tax Credit TY 2016

We last updated the Solar Energy Income Tax Credit in February 2017, so this is the latest version of Form R-1086, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form R-1086 directly from TaxFormFinder. You can print other Louisiana tax forms here.


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Other Louisiana Corporate Income Tax Forms:

TaxFormFinder has an additional 34 Louisiana income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form CIFT-620 Corporation Income Tax and Franchise Tax Return
Form R-10610 Schedule of Ad Valorem Tax Credit Claimed by Manufacturers
Form R-1086 Solar Energy Income Tax Credit
Form CIFT-620ES Estimated Tax Voucher for Corporations
Form IT-565 Partnership Return of Income and Form IT-565B Apportionment

Download all LA tax forms View all 35 Louisiana Income Tax Forms


Form Sources:

Louisiana usually releases forms for the current tax year between January and April. We last updated Louisiana Form R-1086 from the Department of Revenue in February 2017.

Show Sources >

Form R-1086 is a Louisiana Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Louisiana Form R-1086

We have a total of five past-year versions of Form R-1086 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form R-1086

Solar Energy Income Tax Credit for Individuals and Businesses

2015 Form R-1086

Solar Energy Income Tax Credit for Individuals and Businesses

Solar Energy Income Tax Credit 2014 Form R-1086

Solar Energy Income Tax Credit for Individuals and Businesses


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