Springfield Company To Get Solar Tax-Credit

02/24/11 6:06AM

A Springfield company that installed 936-solar panels at its Springfield factory will be able to take advantage of a state tax credit after all.

The budget adjustment bill signed last week by Governor Peter Shumlin contained the credit that the IVEK Corp. 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.

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