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Iowa Solar Energy System Tax Credit – Business
Iowa — state programup to $20,000 (Iowa credit rate of 5–15% depending on year construction began and year placed in service)
A state tax credit for business solar energy system installations (qualified business energy property) that began construction before January 1, 2022. The credit equals an applicable Iowa rate (up to 15%) of installation cost, capped at $20,000, and is subject to an annual $5 million aggregate award limitation.
Program details
- Type
- tax-credit
- Amount
- up to $20,000 (Iowa credit rate of 5–15% depending on year construction began and year placed in service)
- Eligibility
- Businesses with qualifying solar installations that began construction before January 1, 2022, and meet the criteria for the federal energy efficient property credit under IRC sections 48(a)(2)(A)(i)(II) or 48(a)(2)(A)(i)(III). Installations beginning construction after December 31, 2021 are not eligible. Subject to annual aggregate award limitation; applications may be waitlisted.
- Status
- open
- Administrator
- Iowa Department of Revenue
Source: Iowa — state program. Confirm current terms with the administering agency before applying.