Iowa Legislature Advances Solar Tax Credit
Wednesday, May 16, 2012
The Iowa legislature passed a bill that will give residents and businesses a state tax credit for installing a solar system. The state tax credit piggybacks on the Federal Solar Tax Credit, providing 50% of its value. If a homeowner or business owner installs a $12,000 solar system, the federal tax credit is $3,600 and the Iowa credit will be $1,800 — together reducing the total cost by almost half. The bill has been sent to the Governor’s office for his signature. Stay tuned!