By taking advantage of federal and state tax incentives, as well as rebates offered through several utility providers, the costs of going solar can be reduced by more than 40% in most cases. Below is the Iowa state & Federal Tax Credit information. When you do business with us, we will file the tax incentives for you so you're not lost in paperwork!
The Business Energy Investment Tax Credit (ITC) and the Residential Renewable Energy Tax Credit are federal tax credits that are available to all taxpayers who invest in solar energy systems, among other forms of renewable energy technologies. The credit is equivalent to 30% of the total expenditures and there is no maximum limit. This credit is available for systems placed in service by December 31, 2019.
For Forms and Additional Information About The Residential Credit CLICK HERE
For Forms and Additional Information About The Business Credit CLICK HERE
The state of Iowa allows for an income tax credit on solar energy systems equal to 50% of the Federal ITC for an individual, not to exceed $5,000. Businesses may receive a credit of 50% of the Federal ITC, but cannot exceed $20,000.
For Additional Information About This Credit CLICK HERE