Dear Friends:
SF 2342 is awaiting the Governor's signature. This important solar bill would allow home owners, farmers, and businesses to claim a state tax incentive when they go solar.
The state tax credit would be 50% of whatever the value of the federal 30% Investment Tax Credit (ITC) is for that particular solar energy system. So if you're a home owner wanting to install a solar system for let's say $12,000, then you could claim the federal ITC to the tune of $3,600 and the Iowa state tax credit for $1,800; leaving the net system cost to you of $6,600. This legislation will have real benefits for Iowa consumers and the development of the solar industry and solar jobs in Iowa.
Tell Governor Branstad to sign this important pro-solar bill into law today.
The solar tax credit would make solar more accessible to energy consumers across the state and help develop a strong, sustainable solar industry in Iowa. SF 2342 complements Iowa’s legislation that has made the state a leader in renewable wind energy manufacturing and generation.
Onwards,
Annie + Vote Solar Team
The Vote Solar Initiative
www.votesolar.org
http://twitter.com/votesolar
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