Government
8:03 am
Fri January 3, 2014

Iowa awarded $1.36M for solar tax credits in 2013

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.

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Information from: The Des Moines Register, http://www.desmoinesregister.com

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