Thanks to the state s solar energy sales tax exemption iowa s 6 sales tax will not be added to the purchases of solar energy equipment.
Are solar panels legal in iowa.
Sales of solar energy equipment that is used to collect and convert sunlight into energy or that transform the energy to a point of use such as solar photovoltaic panels and inverters are exempt from iowa state sales tax currently 6 percent.
In some cases sales tax can accumulate to over 1 000 so the savings from this law are more than you may realize.
Another calculation that potential solar buyers have to consider is the solar payback period.
Renewable energy equipment exemption.
Iowa laws help you go solar.
Let s take a look at the top laws in iowa that will be beneficial to the prospective solar shopper.
Ideal energy is founded on the core belief that we can change the way our world is powered.
Applications are due may 1st 2020 for installations completed by december 31 2019 solar energy system tax credits the application for the tax credit is available online within the tax credit award claim transfer administration system cactas.
Currently under a policy called net metering energy customers in iowa who have rooftop solar systems are able to sell their excess energy back to the energy grid at a higher than wholesale rate.
Solar energy sales tax exemption.
Our company is committed to providing best in class solar power systems excellent service and the best installations available in the solar industry today.
I m sure there are more changes since this site was last updated and would find it a helpful resource if it is made current.
There are currently 25 solar energy companies operating in iowa.
The costs and savings for a 5 kw pv system in iowa can be broken down as follows.
An iowa supreme court case several years ago decided that ppas are allowed.
Compare the best solar energy companies in iowa in 2020 updated.
Net metering in iowa.
The iowa tax credit is 15 not 18.
Below you can compare the prices and reputations of solar installers solar panel manufacturers and other solar energy companies servicing iowa today and learn how to select the best one.
Without tax breaks the upfront cost of solar panels is 21 000.
Customers of midamerican energy and interstate power and light ipl are eligible to participate in net metering if their solar energy system is under 500 kilowatts kw.
Iowa s average cost of a solar panel installation ranges from 14 492 to 19 608.
And at least the city of ames offers credits to homeowners purchasing solar panels.
The 30 itc and the 18 state tax credit for solar power immediately take off more than 10 000 from your initial investment which you will see as positive cash flow within one year.
