In Iowa, the market value added to a property by a solar or wind energy system is exempt from the state's property tax for 5 full assessment years. Residential geothermal systems are exempt for 10 years. Eligible systems include:
The Iowa Department of Revenue (DOR) issued an opinion determining that the solar and wind exemption can be applied to systems whose "primary purpose" is to store or provide electricity for use at the site where the system is located. This clarifies that solar and wind systems which periodically export electricity to the grid (e.g., net-metered systems) are eligible to claim the exemption as long as they are used primarily to serve on-site electricity demand.
For the geothermal tax exemption, the person claiming an exemption must submit the appropriate forms to the assessor and must file the forms no later than February 1st of the first assessment year that the exemption is requested.
|Incentive Type:||Property Tax Incentive|
|Administrator:||Iowa Department of Natural Resources|
|Eligible Renewable/Other Technologies:||
Solar and wind: 100% exemption for 5 years
Geothermal: 100% exemption for 10 years
|Maximum Incentive:||Not specified|
|Name:||Iowa Code § 441.21(8)|
|Name:||Iowa Code § 427.1|
|Organization:||Iowa Economic Development Authority|
200 East Grand Avenue
Des Moines IA 50309
|Name:||Iowa Department of Revenue|
Hoover State Office Building - 1st Floor 1305 E. Walnut
Des Moines IA 50319
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
Copyright © 2023 EnergyBot • All rights reserved.
1601 Bryan St Suite 900, Dallas, TX 75201