The Iowa Senate recently approved a measure providing up to $10 million a year in tax credits for the installation of wind and solar power generators at homes, businesses and farms. The Senate bill provides up to $15,000 for businesses and farms and $3,000 for homeowners that install wind turbines or solar panels. However, the
bill now goes to the House, where its future is unclear. For instance, Rep. Thomas Sands, chairman of the House Ways and Means Committee, says most Republicans are more interested in broad-based tax reform than targeted tax credits.
Filed Under: Financing, News, Policy
