Implementing Sector: | State |
Category: | Financial Incentive |
State: | Iowa |
Incentive Type: | Sales Tax Incentive |
Web Site: | http://www.state.ia.us/tax/educate/salespubs.html |
Administrator: | Iowa Department of Revenue |
Eligible Renewable/Other Technologies: | Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Hydroelectric, Solar Pool Heating, Wind (Small), Hydroelectric (Small) |
Incentive Amount: | 100% of sales tax |
Maximum Incentive: | None |
Name: | Iowa Code § 423.3 |
Date Enacted: | 05/26/1993 (subsequently recodified, amended) |
Name: | H.F. 630 |
Date Enacted: | 5/1/2013 |
Iowa allows a sales tax exemption for solar, wind, and hydroelectricity equipment. As of February 2016, the Iowa sales tax rate is 6%.
Wind
For wind energy, the exemption includes the total cost of wind energy equipment and all materials used to manufacture, install, or construct wind energy systems. The exemption does not apply to equipment used to construct a plant to manufacture wind energy systems.
Solar
Effective July 1, 2006, solar energy equipment is also exempt from the state sales tax. Solar equipment means any equipment that is used to convert incident solar radiation to energy, or equipment used to transform the converted energy into storage or to some point of use.
Hydroelectricity
In May 2013 a sales tax exemption was also added for hydroelectricity conversion equipment. This includes, but is not limited to, generators, turbines, powerhouses, intakes, coffer dams, walls, water conduits, tailraces, other concrete components, electric equipment substations, poles, wires, transformers, breakers, and switches used to convert water, water power, or hydroelectricity to a form of usable energy.
If you’re interested in going solar, see how much you can save by using the HahaSmart price checker tool and you can design your solar-powered system using the design DIY tool.
Input your address to see if it is solar friendly and how much you can save with solar.
Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.
kw System size | years Payback period | Lifetime savings |
No money down, 100% finance is available.
Explore New Solar Potentials with NEM 3.0 on HahaSmart
April 26, 2023NEM 3.0 Goes Live in California: What It Means for EPCs and Homeowners?
April 13, 2023Increase Your Solar Sales with Our New Feature: Solar Access with Google Sunroof
March 28, 2023Homeowner Profiles Connect with Solar Pros
March 2, 2023
|
Get Clean, Renewable Energy for Your Home - Go Solar in Iowa Today! |