Louisiana Form R 1086 PDF Details

Are you a Louisiana resident or business owner who must file Form R 1086 with the Louisiana Department of Revenue? Filing taxes can be daunting - even if one is familiar with the filing process. This blog post will provide an in-depth guide to understanding and accurately completing Form R 1086, which some Louisiana residents are required to submit along with their other tax documents. We'll go over the purpose of this form, when it applies and what information it requires so that you can be prepared for any potential tax obligations and ensure your taxes are completed properly.

QuestionAnswer
Form NameLouisiana Form R 1086
Form Length5 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 15 sec
Other nameslouisiana solar energy tax, louisiana energy tax, r 1086 form, la energy credit

Form Preview 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

How to Edit Louisiana Form R 1086 Online for Free

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This form will require you to provide specific details; to ensure accuracy, be sure to pay attention to the next tips:

1. The louisiana solar energy tax credit involves certain information to be entered. Ensure that the following fields are complete:

la energy credit writing process described (portion 1)

2. Just after the previous section is done, go to type in the applicable details in all these - Louisiana Revenue Acct No, Total Credit Available to the, LA RS provides for a credit, System components purchased on or, The tax credit for a leased system, If the taxpayer received this, This credit may be used in, I declare that to the best of my, Signature of Taxpayer Entity, Date mmddyyyy, and Declaration.

la energy credit writing process clarified (portion 2)

3. This subsequent segment is considered relatively easy, Signature of Taxpayer Entity, Date mmddyyyy, Signature of Spouse if joint return, Date mmddyyyy, and Please complete a separate - every one of these form fields must be filled out here.

Completing segment 3 of la energy credit

4. Your next paragraph will require your involvement in the subsequent parts: PLEASE PRINT OR TYPE, Name of TaxpayerEntity Claiming, Social Security No Entity, Name of Taxpayers Spouse if joint, Spouses Social Security No if, Physical Address of Location Where, City, State, ZIP, Date the Installation of the, Contractors Name, Contractors Louisiana License, Computation of the Credit, Cost of new system equipment, and Cost of new system installation. Remember to fill in all needed info to move onward.

Find out how to prepare la energy credit part 4

5. Since you get close to the conclusion of the file, you'll find a few more requirements that should be fulfilled. Mainly, Multiply Line by, Enter the smaller of or the, System cost per watt, Multiply Line by Line, Enter the smaller of Line or, and Multiply Line by This is your should be filled out.

Multiply Line by, Multiply Line by This is your, and Enter the smaller of Line or in la energy credit

People generally get some points wrong while completing Multiply Line by in this section. Be sure to review whatever you enter right here.

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