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Feb 13

Bill advances to expand state’s successful solar energy tax cedits with unanimous bipartisan support

On Tuesday, February 10, a subcommittee of the Iowa Senate unanimously approved a bill to expand solar energy tax credits in Iowa from $5 million to $7.5 million per year. Subcommittee chair Rob Hogg of Cedar Rapids said that since the solar energy tax credit was increased in 2012, it has been a part of 1,821 projects in 92 counties. “It helped create over 700 new solar energy jobs that did not exist before the credit,” Hogg said. “At a cost of $11.6 million in state tax credits, we have leveraged over $85 million in investment in solar power in Iowa.” From left to right: Ben Wollner head engineer at CB Solar of Des Moines, Senator Hogg, and Tyler Bacon, President of CB Solar.

From left to right: Ben Wollner head engineer at CB Solar of Des Moines, Senator Hogg, and Tyler Bacon, President of CB Solar.

DES MOINES – A Senate subcommittee unanimously approved a bill to expand solar energy tax credits in Iowa from $5 million to $7.5 million per year.

The bill was unanimously approved by a Senate Ways and Means subcommittee chaired by Senator Rob Hogg (D-Cedar Rapids). Also voting for the bill were Senators Joe Bolkcom (D-Iowa City) and Randy Feenstra (R-Hull).

“Since we created the solar energy tax credit in 2012, this tax credit has helped 1,821 projects in 92 counties and has helped create over 700 new solar energy jobs that did not exist before the credit,” Hogg said. “At a cost of $11.6 million in state tax credits, we have leveraged over $85 million in investment in solar power in Iowa.”

The subcommittee heard from Barry Shear of Eagle Point Solar in Dubuque, John Brandt of EPo Energy in Cedar Falls, and Tyler Bacon of CB Solar in Des Moines, all of who explained how they have rapidly expanded their businesses with the help of customers who benefit from the solar energy tax credit.

“This is a win for jobs, for farmers, for businesses, for consumers, and for the environment,” Hogg said. “We have the opportunity to expand the solar energy tax credit this year to continue the rapid growth of this industry in Iowa to create jobs and provide clean energy for our future.”

The bill is now eligible for consideration by the full Senate Ways and Means Committee.

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