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Events promote solar power, expanded state tax credits; Property tax exemption forms available for qualified veterans

Jun 18, 2014

Events promote solar power, expanded state tax credits


A series of events around Iowa Friday and Saturday, including an open house at Maharishi University of Management’s Sustainable Living Center, will showcase how solar power is working for Iowa.

The Sustainable Living Center’s open house is from 11 a.m. to 1 p.m. Saturday will highlight its 12 kilowatt solar electric system. The system has generated 30,000 kilowatt-hours since it began operation in 2012.

The Sustainable Living Center also has solar thermal, energy conservation and wind power systems. The public is invited to learn how “Solar Works For Iowa” and about the state’s solar energy tax credits that were expanded in Senate File 2340 with near-unanimous bipartisan support. Gov. Terry Branstad signed Senate File 2340 on May 30.

Speakers will include Sen. Rob Hogg of Cedar Rapids and Sen.Steve Sodders of Marshalltown. “Solar power is working for Iowa today, generating electricity and reducing energy bills for owners,” Hogg said. “Now with the passage of Senate File 2340, Iowans have even more reasons to install solar power at their businesses and their homes.”

Under Senate File 2340, Iowans can now receive state tax credits worth up to $5,000 for a homeowner and up to $20,000 for a business owner. When combined with a 30 percent federal tax credit, Iowans can receive almost half of the cost of solar projects back in tax credits.

Since first adopted in 2012, Iowa’s solar tax credit incentive has provided $2.8 million in support for more than 600 solar projects with a total investment of more than $24 million. Senate File 2340 increased the total amount of tax credits available per year from $1.5 million to $4.5 million, and also allows taxpayers to claim credits for projects on multiple properties.

“Solar Works for Iowa” also includes events in Des Moines, Iowa City, Cedar Rapids, Marshalltown, Cedar Falls, Independence, Decorah and other communities around the state.


Property tax exemption forms available for qualified veterans


A bill signed into law by Iowa Gov. Terry Branstad on Memorial Day at the Iowa Gold Star Military Museum at Camp Dodge provides additional homestead credits to certain disabled veterans.

The new law is retroactive to Jan. 1, however, eligible veterans and families must complete and submit the form to their county assessor no later than July 1 to receive the property tax exemption for 2014.

The newly revised Application for Disabled Veteran’s Homestead Tax Credit form now is available on the Iowa Department of Revenue website at www.iowa.gov/tax, the Iowa Department of Veterans Affairs website at https://va.iowa.gov or at local county assessor’s offices.

Instructions for completion of the application can be found on the form.

The application form, along with a current Benefits Paid Letter, must be submitted no later than July 1 to obtain the tax exemption this year. The Benefits Paid Letter can be obtained by contacting US Veterans Affairs at 800-827-1000, visiting a US Veterans Affairs office or through the veteran’s e-benefits account online.


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