Solar Energy Systems Tax Credit (Corporate)
Note: This tax credit is only available for installations that begin construction before the beginning of calendar year 2022. Eligible installations can still receive credits in 2022, but no new facilities can become eligible.
Iowa offers a corporate tax credit for solar energy systems. Specifically, the law allows individuals and corporations to claim a state tax credit worth 50% of the Federal Investment Tax Credit. Each taxpayer may claim up to $5,000 for residential systems and $20,000 for commercial systems under this program, and any excess credits may be carried over for up to 10 years.
A taxpayer may
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