Iowa doesn’t have an ambitious renewable portfolio standard, but the existing RPS has certainly helped form some useful incentives and policies. Let us take a look at the available solar incentives in Iowa.
Federal Incentives
Iowans are eligible for the federal solar tax credit, also known as the investment tax credit (ITC). The incentive helps homeowners with solar reduce their income tax by an amount equivalent to 30% of their system’s cost. For example, consider a typical, 6 kW system in Iowa priced at around $18,000. The ITC can help save 30% of this value, which amounts to around $5,400.
Statewide Incentives
The state of Iowa offers the following solar incentives to its residents:
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