DES MOINES, Iowa (AP) — The Iowa Revenue Department says the state awarded $1.36 million in tax credits to Iowa people and companies for installing solar energy systems last year.
The Des Moines Register says (http://dmreg.co/1f04AbO ) 264 credits were awarded. The tax credits almost hit the yearly cap of $1.5 million.
In 2012 tax credits worth $621,000 were awarded.
The department says 65 applications received in 2013 couldn't be processed in time for the report's release, so the credit numbers could go up.
Ninety-seven of the tax credits were awarded to corporations for a total of nearly $988,000. The remaining 167 were given to individuals for a total of more than $368,000.
___
Information from: The Des Moines Register, http://www.desmoinesregister.com
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.