Louisiana
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 07/16/2009
| Incentive Type: |
Property Tax Financing Authorization |
| State: |
Louisiana |
| Eligible Efficiency Technologies: |
Lighting,
Lighting Controls/Sensors,
Heat pumps,
Air conditioners,
Energy Mgmt. Systems/Building Controls,
Caulking/Weather-stripping,
Building Insulation,
Windows,
Doors,
Roofs,
Custom/Others pending approval
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| Eligible Renewable/Other Technologies: |
Solar Water Heat,
Solar Thermal Electric,
Photovoltaics,
Wind,
Biomass,
Geothermal Electric,
Daylighting,
Other Distributed Generation Technologies
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| Applicable Sectors: |
Commercial,
Residential
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| Financing Terms: | Repayment term may not exceed 20 years
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| Eligible Local Governments: | Any local governmental subdivision authorized to collect property taxes and to issue and sell bonds
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| Possible Revenue Sources: | Bond issuance, third-party lenders, federal contracts
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Web Site: |
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Authority 1:
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S.B. 224
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| Date Enacted: | 7/6/2009 |
| Date Effective: | 8/15/2009 |
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Summary:
"Property tax financing" allows property owners to borrow money to pay for energy improvements. The amount borrowed is repaid through an increased property tax assessment over a period of years. Louisiana has authorized local governments to create and manage "sustainable energy financing districts" to provide financing for renewable energy and energy efficiency improvements. Contact your local government to find out if financing is available for renewable energy and/or energy efficiency through special property tax assessments.
The owner of any immovable residential or commercial property may consent to include a property in the district and execute a "cooperative endeavor agreement" with the district to receive financing for energy improvements. An owner's consent may be given before or after the initial creation of the district, and the district does not have to be contiguous.
A sustainable energy financing district may borrow money, issue bonds or obligations, and pay for the bonds from assessments against property. The subdivision may also determine how any proceeds from this program are spent. Loan terms will be decided by the governing body of the subdivision, including interest rates, administrative fees, and maximum loan amounts. The district is permitted to provide a source of revenue for retrofitting and installing improvements, products, systems, devices, or interacting groups of devices installed behind the meter of residential and commercial buildings that conserve energy or produce energy from renewable resources. Eligible technologies are determined locally, but may include:- Insulation in walls, roofs, floors, foundations, and heating/cooling distribution systems;
- Storm and multi-glazed windows and doors;
- Heat absorbing/reflective glazed and coated window and door systems, additional glazing, reductions in glass area, and other energy-efficient window and door systems;
- Automatic energy control systems;
- HVAC system upgrades and replacements;
- Caulking and weather stripping (up to $1,500);
- Daylighting and efficient lighting; and
- Energy-recovery systems.
Renewable-energy improvements that interfere with a right held by a public utility regulated by the Louisiana Public Service Commission are not eligible.
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Contact:
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Program Coordinator
Louisiana Department of Natural Resources
Energy Section, Technology Assessment Division
617 N. 3rd Street
P.O. Box 44156
Baton Rouge, LA 70804-4156
Phone: (225) 342-4500
Fax: (225) 342-5861
Web Site: http://dnr.louisiana.gov/sec/execdiv/techasmt/index.htm
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Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
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