Jul 16
Solar Panel

Iowa Solar Incentive Programs

Iowa encourages the conversion to solar power.  They use a combination of grants, rebates administering through the utility companies, and other tax incentives to do this.

Summary of Iowa Incentive Programs
Federal Tax Credit 30%
State Tax Credit 1.5¢ per kWh
State Grant Program

Iowa Grants and Rebates

Iowa has in place a state grant program to fund conversions for commercial, industrial, transportation, and agricultural sectors.

Rebates are administered by the public utility companies, with three separate companies  having a program that offers a rebate for solar-thermal systems in the $30 per sq. foot of collector area, and photovoltaic systems in the amount of $2-$3 per projected annual kWh.   Additionally, the Farmers Electric Cooperative offers a rebate in the amount of $1000 per peak kW.

Iowa Tax Credits

Iowa offers tax credits to businesses and residences alike in the amount of 1.5¢ per kWh.

Iowa also exempts solar power equipment from both sales taxes and property taxes.

Financing Options

The state of Iowa offers a state loan program at zero interest, and an additional revolving loan program.  Additionally, there are a number of federal loans available.

Additional information can be found by visiting the DSIRE:Database of State Incentives for Renewables & Efficiency.