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Tax Reform in Iowa Puts Solar Tax Credit in Jeopardy
Renewable Energy World: A tax credit that’s helped motivate many fiscally conscious Iowa farmers to install solar panels would see an early demise under a sweeping tax reform bill that cleared a major legislative hurdle last week.
Iowa is the only state in the Midwest and one of just a dozen nationally that still offers a state solar tax credit. The Iowa Legislature created the 15 percent tax credit in 2012. Since then it’s provided a total of $21.6 million in incentives for nearly 4,000 projects.
“The majority of customers we work with do know about it,” said Jason Egli, a farmer and solar installer in southeast Iowa. He estimates that about half of his customers wouldn’t have committed without the state tax credit.
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