Wednesday, May 25, 2022

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The nation is jolted by another mass shooting, this time at a Texas elementary school; a mixture of hope and stark realities on the 2nd anniversary of Floyd Murder; a new map shows more Americans live within oil & gas "Threat Radius."

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At least 19 children and two adults killed at Texas elementary school, President Biden delivers remarks on shooting from White House, lawmakers plead on gun control, NRA to hold conference in Houston this week, Stacey Abrams and Gov. Brian Kemp favored to win Georgia primary.

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From off-Broadway to West Virginia: the stories of the deadly Upper Big Branch mine explosion, baby formula is on its way back to grocery shelves, and federal funds will combat consolidation in meatpacking.

With IA Solar Tax Credit Expired, Focus Shifts to Payment Backlog

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Monday, January 17, 2022   

Iowa's tax credit for installing solar-energy systems is no longer in place, but lawmakers still face pressure to provide payments to those who were on a waiting list.

The credit was allowed to expire at the end of 2021 - and with the money set aside for residential installments already spent, those who applied but hadn't been paid were out of luck.

The Iowa Department of Revenue says more than 1,400 applications were ultimately denied. But Nick Summers - policy organizing assistant with the Center for Rural Affairs - said these property owners each made a substantial investment, hoping it would be offset by the credit.

"The state's failing to uphold its side of the deal," said Summers. "And we know the state has the means to pay this out, because the State of Iowa is sitting on a $1.2 billion surplus."

That surplus estimate was issued in the fall, and larger figures are now being floated as the legislative session gets underway.

The credit for installing a residential solar system averaged $3,200, with the average installation cost at more than $25,000. During debate about extending the credit, Republican lawmakers suggested it didn't align with need to implement broader tax relief.

Slater resident Lee Tesdell had received credits for solar-power installations on his farm, although he had to pursue legal channels to secure the second reimbursement. He called cutting off payments "shortsighted," noting that gains in renewable energy can't come only from large wind and solar farms.

"It seems to me that the state would be wise to encourage the distributed type," said Tesdell, "so that individuals can be manufacturing some of their own electricity at home."

He said combined with federal credits, the Iowa reimbursements covered a significant portion of his investments.

Meanwhile, the state says businesses on the waiting list will still get their credits, but no new projects can be added.



Disclosure: Center for Rural Affairs contributes to our fund for reporting on Budget Policy & Priorities, Environment, Hunger/Food/Nutrition, Rural/Farming. If you would like to help support news in the public interest, click here.


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