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Home / Iowa: Senate Pushes Tax Credits for Wind and Solar EnergyIowa: Senate Pushes Tax Credits for Wind and Solar Energy
Last Updated on Tuesday, 5 April 2011 01:53 Written by rslcpol Tuesday, 5 April 2011 01:53
From Quad City Times:
Iowa senators approved refundable tax credits for solar and wind energy Wednesday, despite an argument that the state would be subsidizing those installations.
Senate File 516 would provide a tax credit of up to $15,000 of the cost of construction or installation of commercial or agricultural wind or solar energy systems and $3,000 for residential systems. The program is capped at $10 million in credits annually.
Iowa is a leader in biofuels and “big wind,” Sen. Joe Bolkcom, D-Iowa City, said, “but we haven’t done much in solar or small wind systems.”