Tag Archives: Iowa’s production tax credit

Expanded Iowa incentive likely to nudge some utilities to invest in solar

By Karen Uhlenhuth

Iowa utilities historically have been tepid about investing in solar generation, but some may find it more enticing now thanks to an expanded incentive signed by Governor Terry Branstad on Friday and passed by the Iowa legislature hours before it adjourned on June 5.

The municipal utility’s community solar garden at Traer. Photo courtesy of Iowa Association of Municipal Utilities.

The municipal utility’s community solar garden at Traer. Photo courtesy of Iowa Association of Municipal Utilities.

HF 645, which passed both chambers nearly unanimously, will increase from from 53 to 63 MW the amount of solar power that can qualify for a production tax credit of 1.5 cents per kilowatt hour. The bill also boosted from $4.5 million to $5 million the pool of tax credit funds available each year for individuals and businesses that invest in solar panels.

Continue reading.