IVEK gets once-denied solar tax credit

The local company that installed 936-solar panels at its North Springfield factory is going to be able to take advantage of a state tax credit after all.

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Vt. company gets once-denied solar tax credit

Associated Press - February 23, 2011 2:55 PM ET

NORTH SPRINGFIELD, Vt. (AP) - A Vermont company that installed 936-solar panels at its Springfield factory is going to be able to take advantage of a state tax credit after all.

The budget adjustment bill signed last week by Gov. Peter Shumlin contained the credit that the IVEK Corp. had expected after it built the solar array.

IVEK officials completed the array last year, but they missed the credit because officials were unaware of a decision to require another form for the tax credits, which was due July 31. The company didn't find out in time.

IVEK President Mark Tanny tells the Eagle Times of Claremont, N.H., area legislators helped get the credits restored.

Meanwhile, the solar array is helping IVEK meet its demand for electricity. IVEK makes precision fluid measuring and dispensing systems.