This material has been prepared for informational purposes only. Greentech Renewables does not provide tax, legal, or accounting advice. Information displayed is not project-specific and will require an official written proposal by a certified installer.
Iowa offers several solar incentives that may be combined with federal incentives that can significantly reduce the cost of commercial solar projects in IA.
Iowa Solar Incentives
Sales Tax Exemption
Iowa offers a 100% sales tax exemption for solar system equipment, allowing businesses to save Iowa's 6% sales tax.
Property Tax Exemption
In Iowa, the added value of a solar system on a commercial building are exempt from the state's property tax for 5 years.
Net metering Program
Iowa's net metering policy allows commercial businesses to receive credits for excess energy that their solar system produces. Credits can be applied to future utility bills to alleviate energy costs.
Fill out our interest form to get connected with one of our trusted installers and find out which regional solar incentives you may qualify for!
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Federal Incentives Available in IA
In addition to IA's solar incentives, business owners may take advantage of the federal solar incentives available. When applied, these solar incentives have the potential to significantly reduce the cost of installing a solar system.
- Business Energy Investment Tax Credit (ITC)
The Business Energy Investment Tax Credit program allows businesses to claim 30% of their solar system costs as a federal tax credit. Additional tax credits are available depending on the district.
Connect with a local installer to find out if you qualify for additional tax credits.
- Renewable Electricity Production Tax Credit (PTC)
Business owners in Iowa may take advantage of the federal renewable electricity production tax credit (PTC). This provides an inflation-adjusted per-kilowatt-hour (kWh) tax credit for electricity generated by qualifying energy sources. Projects under 1 megawatt (MW) can receive 1.5 to 2.75 cents/kWh depending on the type of facility. Projects over 1 MW will receive a base tax credit of 0.5 cents/kWh.
Keep in mind that solar project owners cannot claim both the ITC and PTC for the same property. Discuss with a solar installer to understand which tax credit incentive you should claim for your solar system.
- Modified Accelerated Cost-Recovery System (MACRS)
Iowa business owners can take advantage of the Modified Accelerated Cost Recovery System (MACRS). This program allows business owners to recover some of the costs of solar panel installation through a five-year MACRS schedule.
- Iowa Commercial Property-Assessed Clean Energy (C-PACE)
C-PACE is a financing program that allows approved commercial property owners to borrow money to pay for energy improvements without a large upfront cost coming out of the business' pocket.
- Rural Energy for America Program (REAP Grant)
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant to cover 50% of commercial solar system costs to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
This grant is only available if you own a small business in an area with less than 50,000 in total population.
Connect with a local Iowa installer to see which federal incentives can contribute to your solar system.
Get Connected with an Installer!
As the premier solar equipment distribution company in the United States, Greentech Renewables goes beyond supply by connecting business owners to our vast network of trusted local installers in Iowa. Our installers work closely with our Greentech Renewables location in Cedar Rapids, IA or one of our 13 locations across the Midwest. Our installers will guide you through each stage of the project from creating a custom proposal and project design to sourcing materials and installing the solar system. Fill out our interest form to get connected with the best installer for you!
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