The legislature’s attack on clean energy continues this week with a major tax reform bill that repeals the Iowa solar tax credit effective July 1 of this year. This attack will undermine Iowa’s growing solar market and threaten jobs, investment, and consumer savings across Iowa.
Since 2012, the $21.6 million provided to Iowans by the solar tax credit has delivered more than $166 million in investments across all 99 counties in Iowa. 800 people come to work each day in Iowa in the solar industry.
Your action is needed to prevent this repeal. Contact your legislators now and ask them to maintain the vital solar tax credit.
Key facts about solar and the Iowa solar tax credit:
The Iowa solar tax credit passed with strong bipartisan support in 2012 and has been improved and expanded multiple times, again with strong bipartisan support;
The Iowa solar tax credit has led to more than $166 million in investment in the state since 2012, with more than 3,000 solar projects in every one of Iowa’s 99 counties;
Saving $5 million a year by eliminating this tax credit could cause Iowa to lose out on tens of millions of dollars in investments annually;
The solar tax credit is a key policy to grow Iowa’s solar market, which today supports over 800 jobs;
The Iowa Energy Plan, co-chaired by Governor Reynolds, calls for further improvements to the solar tax credit to provide “more certainty” – not for repealing it.
The “savings” just don’t add up. Contact your legislators today and ask them to protect the solar tax credit, a driver for Iowa’s economy.
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