Iowa Senate panel OKs boost for solar energy tax credits

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Posted: Friday, March 14, 2014 12:00 am

DES MOINES (AP) — Solar energy would get a big boost in Iowa if a bill passed Thursday in a Senate committee becomes law. The bill, approved by the Ways and Means Committee, would increase the annual cap for solar tax credits to $4.5 million from $1.5 million.

It also would allow individual homeowners to get up to $5,000 in credits, up from a $3,000 cap, and businesses to qualify for $20,000 in credits, up from $15,000.

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