Iowa Association of Business and Industry Foundation

Solar/Wind Rebates

Bill #

SF 516

Bill Name

Solar/Wind Rebates

House Action

Passed Committee

Senate Action

Passed 49-1

Final Action

None

Details

Creates a refundable tax credit to encourage the installation of solar and wind energy systems. Credits are equal to 30% of the cost of the construction or installation, subject to a maximum credit of $15,000 for commercial or agricultural construction or installation or $3,000 for residential construction or installation. Credits are refundable, or alternatively applied against tax liability for the following tax year. Defines residential as a primary or vacation residence, not rental property.

Welcome to Iowa ABI

Iowa Association of Business and Industry, "The Voice of Iowa Business since 1903" is the largest business network in the state (serving as Iowa's State Chamber) with long legacy of advocating for a competitive business climate in Iowa. Offering its members opportunities to network, learn best practices in Lean Processes, Workforce, Workers' Compensation, Controlling Health Care Costs, Employee Drug Testing, Environmental Issues and Leadership ABI works, "To foster a favorable business, economic, governmental and social climate within the State of Iowa so that our citizens have the opportunity to enjoy the highest possible quality of life."

Iowa Association of Business and Industry
The Voice of Iowa Business Since 1903

400 East Court Avenue, Suite 100
Des Moines, IA 50309
515-280-8000 or 800-383-4224
Fax 515-244-3285
E-Mail: abi@iowaabi.org | Web: www.iowaabi.org