Louisiana actually has the best tax credit in the nation to those who wish to cut their hot water heating costs. A system costs about $6000 and you will get a 50% tax credit from the state. Example, if you owe the state a $1000 you will get a tax refund of $2000. The federal laws aren't as sweet. They have a 30% credit. If you owe $600 in taxes you will owe zero. You get six more years to recieve the other $1200 in credits from the federal government. I still think the best way os a tankless hot water heater. Cost maybe $300 to $400 to install. No ugly unsightly solar panels on ones roof. Also they have a lifetime guarantee. The replacement for solar is much more expensive. Any one looking to sell or buy in Slidell La. should give me a call.
International Financing Solutions - Fort Myers, FL
International Financing Solutions
Hey John,
I like the idea of a tankless system best, but I have not seen or heard any comments from owners as to how well it has worked for them.
Jul 02, 2008 05:10 AM
Chuck Willman - Alpine, UT
NewHouseUtah.com
I'm so glad that there are some tax credits and benefits to help get Louisiana back to her ol' self. Have a happy 4th John!
Jul 04, 2008 07:22 AM
Orlando Area Real Estate Services - Orlando, FL
John - I didn't know that tankless was so cheap to install. Can you suggest which one is the best one?
Aug 23, 2008 08:36 AM
Retired - Athens, GA
John - I agree on the tankless system, unfortunately, I don't have gas so would have to install a propane tank (electric units don't qualify for tax credit).
Aug 23, 2008 03:08 PM
Galleria International Realty - Hollywood, FL
Simon - I think that's the installation cost. The total cost for everything is around $1000. I've considered it because it's supposed to be awesome. It uses less energy, less space and hot water is on demand. I've thought about solar panels as well, but have not done any research on it. Florida has an abundance of sun.
Aug 23, 2008 03:44 PM
Anonymous
I agree that Louisiana has one of the best tax cedits. That is why we are joining the ranks of other states in green revolutions. If you want to learn more about how solar works and how it can help you lower your electric bills, imrove our quality of life, and environment and much more check out www.lses.org. Louisiana Solar Energy Society is the Louisiana host for this years National Solar Tour of Homes, held every year by ASES, American Solar Energy Soicety. It is a tour of homes and businesses that hav solar. You can talk to people that own solar and see how they like it and how it has helped them with lowering their bills, see it up close and learn about how it works. Go to the website above and register to tour the homes. You can also email me, Cece Hyslop, the tour organizer at cece@lses.org for more information.
Thanks,
Cece
Sep 11, 2008 06:13 AM
#7
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA
50! it is nice.
A federal tax credit available through 2016 offsets 30 percent of the cost in general. But as you mentioned, federal and state credits and incentives can offset a substantial portion of the initial outlay. Utility companies may offer rebates and incentives too. A good information source is the Database of State Incentives for Renewable Energy at www.dsireusa.org.
Sep 28, 2015 05:47 PM
Rainmaker
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John Walters
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