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The Louisiana R 1086 form is a crucial document for individuals and businesses looking to take advantage of the solar energy income tax credit. This credit, established under Louisiana law, provides significant financial benefits for those who purchase and install solar electric systems. The form requires detailed information about the taxpayer, including Social Security numbers and addresses, to ensure proper identification and eligibility verification. Taxpayers must complete a worksheet for each solar energy system they wish to claim, calculating the total available credit based on eligible costs, which can include equipment, installation, and associated taxes. Notably, the credit is capped at 38% of the first $20,000 of eligible costs, which can significantly reduce tax liabilities. The form also emphasizes compliance with federal "Buy American" requirements for system components purchased after July 1, 2013. Additionally, it outlines the necessity for supporting documentation, such as installation contracts and performance reports, to substantiate claims. Understanding and accurately completing the R 1086 form is essential for anyone aiming to benefit from Louisiana's commitment to renewable energy, and timely submission can lead to substantial savings on your tax bill.

Document Example

R-1086 (1/18)

 

 

 

 

 

 

FILING PERIOD

 

 

 

 

 

S o l a r E n e rgy I n c o m e Ta x C re d i t fo r

2017

 

 

 

 

 

I n d i v i d u a l s a n d B u s i n e s s e s

 

 

 

 

 

 

 

 

Individual

Business

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)

Taxpayer Residence Address (if individual income tax return) or Business Address

City

State ZIP

 

 

 

Total Available Credit

 

 

1

Complete the worksheet, found on page 2, for each solar energy system. Add the

1

 

amounts from Line 12 of each worksheet and enter the total.

 

 

 

 

 

 

 

 

 

Share of qualifying tax credit from partnerships, trusts or small business corporations

 

 

 

(Number of units ____________ )

 

 

2

Name of Entity:

 

 

2

 

 

 

 

 

Louisiana Revenue Acct No:

 

 

 

 

 

 

 

 

 

3

Total Credit Available to the taxpayer (Add Lines 1 and 2.)

3

 

 

 

 

 

 

 

 

LA R.S. 47:6030 provides for a credit against income tax for the purchase and installation of a solar electric system (“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 13-026 and 15-026 and Louisiana Administrative Code (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. See Revenue Information Bulletin 13-013 for more information.

The tax credit for a leased system installed in 2017 is equal to 38 percent of the first $20,000 of eligible costs. 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 six kilowatts.

If the taxpayer received this credit through an interest in a partnership, trust, or small business corporation, please retain copies of the Schedule K-1 or other documents 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, Form R-7006)

Date (mm/dd/yyyy)

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 (1/18)

 

 

 

 

 

 

S o l a r E n e rgy I n c o m e Ta x

 

 

 

 

 

FILING PERIOD

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

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

 

$2.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

R-1086 (1/18)

 

 

 

 

 

 

Solar Energy

 

 

FILING PERIOD

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

Income Tax Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

State

ZIP

 

 

 

 

 

 

 

 

 

LA

 

 

 

 

 

 

 

 

 

 

 

 

Name of Taxpayer’s Spouse (if joint return)

 

Spouse’s Social Security No.

 

 

 

 

 

 

 

 

 

 

 

 

 

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

LAC 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 shall 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.pvwatts.nrel.gov. 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 (1/18)

 

 

 

 

 

 

Solar Energy

 

 

FILING PERIOD

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

Income Tax Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

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

State

ZIP

 

 

 

 

 

 

 

 

 

LA

 

 

 

 

 

 

 

 

 

 

 

 

Name of Taxpayer’s Spouse (if joint return)

 

Spouse’s Social Security No.

 

 

 

 

 

 

 

 

 

 

 

 

 

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 costs 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

_______ _______ _______ _______

Print Name

4

R-1086-B (1/18)

 

 

 

 

 

 

FILING PERIOD

 

 

 

 

 

Sworn Statements by Licensed

2017

 

 

 

 

 

Dealer and Installer

 

 

 

 

 

 

 

 

Pursuant to Revised Statute (R.S.) 47:6030(D)(3)(d), 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 must be completed in its entirety and included with Form R-1086.

Residential Property where the Solar Energy System was Installed

Address

City

State

ZIP

To Be Completed by Dealer:

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)

Date

___________________________________________________

__________________________________

_______________

Dealer’s Louisiana License Number

Notary Public

Date

To Be Completed by Installer:

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)

Date

___________________________________________________

___________________________________________________

Installer’s Louisiana License Number

Date the installation of the energy system was completed and placed in service

___________________________________________________

_______________

 

Notary Public

Date

 

5

Dos and Don'ts

When filling out the Louisiana R 1086 form, it is essential to follow specific guidelines to ensure a smooth process. Here are five things you should and shouldn’t do:

  • Do complete the worksheet for each solar energy system before submitting the form.
  • Do ensure that all names, Social Security numbers, and addresses are accurately printed or typed.
  • Do include all required documentation, such as installation contracts and receipts.
  • Do sign and date the form where indicated, especially if filing jointly.
  • Do consult with a tax professional if you have any questions regarding eligibility or the process.
  • Don’t leave any sections of the form blank; incomplete forms may delay processing.
  • Don’t claim the tax credit for more than one solar system installed at the same residence.
  • Don’t forget to attach the required worksheets to the main form.
  • Don’t include any costs related to lease management fees or incentives in your claimed expenses.
  • Don’t ignore the compliance requirements, such as the “Buy American” provisions.

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Detailed Instructions for Filling Out Louisiana R 1086

Filling out the Louisiana R 1086 form is a crucial step for claiming the solar energy income tax credit. It’s important to ensure all sections are completed accurately to avoid delays or issues with your claim. Follow these steps carefully to ensure your submission is complete and correct.

  1. Gather Necessary Information: Collect all required information, including your Social Security number or Louisiana Revenue Account number, and details about the solar energy system installed.
  2. Complete the Taxpayer Information: Fill in your name and Social Security number, or entity details if applicable. Include your spouse’s information if filing jointly.
  3. Provide Address: Enter the residence or business address where the solar energy system is installed.
  4. Calculate Total Available Credit: Complete the worksheet on page 2 for each solar energy system. Add the amounts from Line 12 of each worksheet and enter the total on Line 1. If applicable, include the share of qualifying tax credit from partnerships or trusts on Line 2.
  5. Enter Total Credit Available: Sum the amounts from Lines 1 and 2 and enter the total on Line 3.
  6. Complete the Declaration: Sign and date the declaration at the bottom of the form, ensuring all information is accurate and complete.
  7. Attach Required Documentation: Include each completed worksheet and any supplemental information required for each solar energy system.
  8. Submit the Form: Send the completed R 1086 form and all attachments to the appropriate Louisiana tax authority by the deadline.

After completing these steps, ensure you keep copies of everything submitted for your records. This will be helpful for any future inquiries or audits regarding your tax credit claim.

Documents used along the form

The Louisiana R 1086 form is an essential document for claiming the solar energy income tax credit in Louisiana. When filing this form, several other documents may be required to support the claim. Below is a list of common forms and documents that are often used in conjunction with the R 1086.

  • Worksheet for Solar Energy Systems: This document helps calculate the total eligible costs associated with the solar energy system, including equipment and installation costs.
  • Supplemental Information Sheet: This sheet provides additional details about the solar energy system, such as specifications of the installed components and necessary supporting documentation.
  • Schedule K-1: If the taxpayer is part of a partnership, trust, or small business corporation, this form shows the share of income, deductions, and credits allocated to the taxpayer.
  • Installation Contract: A signed agreement between the taxpayer and the installer, detailing the scope of work and costs associated with the installation of the solar energy system.
  • Paid Invoice: A receipt that confirms payment for the solar energy system, which is necessary to validate the claimed costs.
  • Site Shading Analysis: This analysis assesses the installation site for solar energy suitability, often required to demonstrate eligibility for the tax credit.
  • Modeled Array Output Report: A report generated using the PV Watts Solar System Performance Calculator, showing the expected energy production of the solar system.
  • Dealer and Installer Sworn Statements: These statements from the licensed dealer and installer confirm the system's specifications and eligibility for the tax credit.
  • Power of Attorney (Form R-7006): If someone other than the taxpayer is filing the claim, this form grants them the authority to act on behalf of the taxpayer.
  • Texas Bill of Sale Form: This form is essential for documenting the transfer of ownership for personal property in Texas. For more detailed guidance, refer to Fast PDF Templates.
  • Residential Property Owner Declaration: This declaration is signed by the property owner, confirming their eligibility for the solar energy income tax credit.

Collecting and submitting these documents alongside the Louisiana R 1086 form can help ensure a smoother application process for the solar energy income tax credit. It's advisable to review all requirements carefully to maximize eligibility and compliance.

Your Questions, Answered

What is the Louisiana R 1086 form used for?

The Louisiana R 1086 form is primarily used to claim the Solar Energy Income Tax Credit. This credit is available for individuals and businesses that purchase and install solar electric systems in Louisiana. It allows taxpayers to receive a credit against their income tax for eligible costs associated with solar energy systems, thus promoting the use of renewable energy sources in the state.

Who is eligible to claim the Solar Energy Income Tax Credit?

Eligibility for the Solar Energy Income Tax Credit is extended to both individuals and businesses that have installed a solar energy system on a residential property in Louisiana. Notably, if the system is leased, the third-party owner may also claim the credit. However, only one credit can be claimed for each residence, and no other tax credit can be claimed for any additional systems installed at that same residence.

What are the requirements for claiming the credit?

To claim the credit, several requirements must be met:

  • The solar energy system must be installed on a residential property in Louisiana.
  • Eligible costs are capped at $20,000, and the credit is calculated as 38% of these costs.
  • System components must comply with the “Buy American” requirements of the federal American Recovery and Reinvestment Act.
  • Taxpayers must provide supporting documentation, such as installation contracts and proof of payment.

Additionally, a separate worksheet must be completed for each solar energy system for which credit is being requested.

How is the credit amount calculated?

The credit amount is determined based on the eligible costs associated with the solar energy system. Here’s how it works:

  1. Add the costs of new equipment, installation, and associated taxes.
  2. Determine the lesser of $20,000 or the total cost from the previous step.
  3. Calculate the system cost per watt, which is set at $2.00, and multiply by the total kilowatt capacity of the installed system.
  4. The final credit is 38% of the lesser amount from the previous calculations.

This structured approach ensures that taxpayers receive an accurate credit based on their investment in solar energy.

What documentation is required when submitting the R 1086 form?

When submitting the R 1086 form, it is essential to include several key documents to support your claim:

  • A completed worksheet for each solar energy system installed.
  • A copy of the installation contract and receipt or paid invoice detailing the costs.
  • A modeled array output report using the PV Watts Solar System Performance Calculator.
  • A solar site shading analysis to demonstrate the suitability of the installation site.

Providing this documentation is crucial, as failure to include required information may lead to the disallowance of the credit.

Common mistakes

Filling out the Louisiana R 1086 form can be a straightforward process, but many individuals and businesses make common mistakes that can lead to delays or denials of their tax credits. One of the most frequent errors is failing to complete the worksheet on page two accurately. This worksheet is essential as it calculates the total available credit for the solar energy system. If the amounts from Line 12 of each worksheet are not added correctly, the total credit claimed may be incorrect, leading to potential issues with the Louisiana Department of Revenue.

Another mistake often seen is not including the necessary documentation. The form requires specific supporting documents, such as a modeled array output report and a solar site shading analysis. Omitting these documents can result in disallowance of the credit. It's crucial to provide all required information to demonstrate eligibility for the solar energy income tax credit.

Many applicants also overlook the importance of entering the correct Louisiana Revenue Account Number. This number is unique to each taxpayer and is essential for processing the claim. If it is missing or incorrect, it can cause significant delays in the processing of the tax credit. Double-checking this number before submission can save time and frustration.

Additionally, some people mistakenly believe that they can claim multiple credits for the same residence. The rules clearly state that only one tax credit is allowed per residence for each solar energy system. Claiming more than one credit for the same property can lead to penalties and the rejection of the claim.

Another common error is miscalculating the eligible costs associated with the solar energy system. The form specifies that the credit is based on the first $20,000 of eligible costs, and any errors in this calculation can impact the credit amount. It is essential to carefully review all costs related to the purchase and installation of the solar system to ensure accuracy.

Finally, many applicants forget to sign the form. The declaration at the end of the form requires the signature of the taxpayer and, if applicable, the taxpayer's spouse. Failing to sign can result in the claim being considered incomplete. Always ensure that all required signatures are included before submitting the form.

Misconceptions

Here are four common misconceptions about the Louisiana R 1086 form:

  • Misconception 1: The R 1086 form is only for businesses.

    • This form is applicable to both individuals and businesses. Homeowners can claim credits for solar energy systems installed at their residences, just like businesses can for their installations.

  • Misconception 2: You can claim multiple tax credits for the same residence.

    • Only one tax credit is allowed per residence. If you have installed multiple systems at the same location, you cannot claim additional credits for them.

  • Misconception 3: The credit applies to any solar energy system cost.

    • The credit is limited to specific eligible costs. You cannot include lease management fees or any incentives received for leasing the system in your total costs.

  • Misconception 4: Federal credits cannot be combined with the state credit.

    • You can use the Louisiana solar energy income tax credit in addition to any federal credits. However, you cannot claim any other state tax benefits for the same property.

Document Attributes

Fact Name Description
Form Purpose The Louisiana R 1086 form is used to claim the Solar Energy Income Tax Credit for individuals and businesses who install solar energy systems in the state.
Governing Law The credit is governed by Louisiana Revised Statute 47:6030, which outlines eligibility and requirements for claiming the credit.
Credit Amount The tax credit for a leased system installed in 2017 is 38% of the first $20,000 of eligible costs, with specific limitations on the cost basis.
Eligibility Criteria Only one tax credit is allowed per residence, and the system components must comply with the "Buy American" requirements of federal law.
Documentation Required Taxpayers must provide detailed documentation, including installation contracts and performance reports, to support their credit claims.
Joint Filings If filing jointly, both spouses must sign the form, and their Social Security numbers are required for the application.