• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Business group pushes for return of renewable energy tax credits

Business group pushes for return of renewable energy tax credits

April 14, 2014 By Dar Danielson

A business group is pushing federal officials to renew tax credits for investment in renewable energy technology. Mark Schroder owns a business in Urbandale that installs new LED lighting all over the state, and is part of the group behind the effort. “We feel as a small business owner that if these tax incentive were reinstated, that would (make) a tremendous impact on our Iowa economy,” Schroder says.

He says the tax credits would help him and others hire more people to retrofit businesses. But right now things are on hold. Schroder says they are running into businesses that want to hold off on making updgrades in 2014 until they see what happens with the tax credits.

One of the concerns is it can take five to seven years for businesses to see a payback on the investment in more energy efficient lighting. “Tax incentives can — in conjunction with utility company rebates — we can actually see paybacks in less than a year,” Schroder says. He says the utility companies have been good in Iowa in offering rebates.

Schroder says the sooner federal officials act on the tax credits, the sooner businesses can work upgrades into their budgets. “Rather than wait ’til the 11th hour — December 29th — and make a decision, we’d like to see something happen much sooner than that so businesses in Iowa can   make those plans and make those decisions, and move forward…on energy efficient upgrades,” Schroder says.

Iowa’s entire congressional delegation has signed onto a letter urging their colleagues to renew the tax credits. Credits for investment in renewable energy technology and production of electricity expired at the end of 2013.

Share this:

  • Facebook
  • Twitter

Filed Under: Business, News, Outdoors Tagged With: Utilities

Featured Stories

Governor signs Iowa Renewable Fuels Standard into law

Jury returns guilty verdict in shooting death of State Trooper

Summit has easements for 20% of carbon pipeline route through Iowa

Morel mushroom hunters on hold without warmer conditions

Trinity Health aquiring all MercyOne health properties

TwitterFacebook
Tweets by RadioIowa

Iowa Special Olympics Summer games set to open in Ames

Radio Iowa/Baseball Coaches Association High School Poll 5/16/22

Iowa assistant coach Kirk Speraw to retire

Northern Iowa prepares for Missouri Valley Conference softball tournament

T.J. Otzelberger announces staff changes at Iowa State

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 · Learfield News & Ag, LLC