Nick Fetty | July 1, 2015
Last week Iowa governor Terry Branstad signed a bill that will likely create more opportunities for solar energy in the Hawkeye State.
House File 645 will allow for increased solar energy tax credits in the state and also add production tax credits for utility solar projects. The bill was passed by the Iowa House 88-4 before being approved 49-1 by the Senate. Branstad signed the bill on June 26.
The credit applies to solar arrays of less than 1.5 MW of capacity, meaning it is more likely to benefit municipal utilities and rural electric cooperatives as opposed to investor-owned utility companies. The bill also increases the pool of tax credit funds from $4.5 million to $5 million.
“That’s good for the environment and our economy. Solar energy is already working for thousands of businesses, farmers and homeowners across our state,” Iowa Senator Rob Hogg (D-Cedar Rapids) said in a statement. In a recent guest column in the Iowa Daily Democrat, Hogg outlined the need for more emphasis on clean energy in Iowa and abroad.
Along with the solar energy bill, Branstad signed four others. The governor currently has 14 bills from the 2015 legislative session awaiting his approval. The deadline for signing these bills is July 15.