Form R-1086 - Solar Energy Income Tax Credit For Individuals And Businesses - 2014

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R-1086 (1/15)
FILING PERIOD
2014
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
I n d i v i d u a l s a n d B u s i n e s s e s
PLEASE PRINT OR TYPE.
Individual
Business
Name of Taxpayer/Entity claiming credit
Social Security No./Entity Louisiana Revenue Account No.
Name of Taxpayer’s spouse
Spouse’s Social Security No.
(if joint individual income tax return)
(if joint individual income tax return)
Taxpayer residence address (if individual income tax return) or Business address
City
ZIP
State
Total Available Credit
Complete a worksheet, found on page 2, for each solar energy system. Add the amounts
1
1
from line 6 or 16 (whichever is applicable) for each worksheet and print the total.
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 Total Credit Available to the taxpayer (Add Lines 1 and 2.)
3
LSA-R.S. 47:6030 provides for a credit against income tax for the purchase and installation of a solar electric system, solar thermal system,
or any combination of components thereof, collectively referred to as “system” . The credit may be claimed by an individual at a single-family
detached residence located in this state or by a third-party owner through a lease with the owner of a single-family detached residence
located in this state. The credit may also be claimed in cases where the resident individual purchased a newly constructed home located
in Louisiana that had such a system already installed. However, only one tax credit with respect to each residence is allowed, including
any tax credit claimed before July 1, 2013, and no other tax credit will be allowed for any other system installed at that residence. See
Revenue Information Bulletin No. 13-026 and LAC 61:I.1907 for additional information regarding additional requirements and restrictions.
System components purchased on or after July 1, 2013 must be complaint 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 purchased system installed at a Louisiana residence or for a system which is already installed in a newly constructed
home located in Louisiana is equal to 50% of the first $25,000 of the cost of a system.
The tax credit for a leased system installed in 2014 is equal to 38% of the first $25,000 of eligible cost. For the purpose of determining the
cost basis of the credit for a leased system, the eligible cost is limited to $4.50 per watt limited to 6 kilowatts for a system purchased and
installed on or after July 1, 2013 and before July 1, 2014 and $3.50 per watt limited to 6 kilowatts for a system purchased and installed on
or after July 1, 2014 and before July 1, 2015.
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
Date
(for other, attach power of attorney)
(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

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