Real property and improvements to real property that decompose waste and convert the waste to gas for energy use are eligible for a property tax exemption. Methane gas conversion property installed after December 31, 2012 must be connected with or work in conjunction with a
Businesses that produce renewable chemicals from a biomass feedstock are eligible for a tax credit on renewable chemicals produced between 2017 and 2036. This tax credit is allowed against income, corporate, and franchise taxes. Eligible claimants include partnerships, limited liability companies, S corporations, cooperatives organized
Innovation Fund Tax Credits, which will be available until June 30, 2028, are allowed against income, corporate, and franchise taxes. A tax credit shall be allowed against certain taxes for up to 25% of a taxpayer’s cash equity investment in a board certified innovation fund.
The construction or installation of a solar energy system on property classified as commercial, agricultural, residential, or industrial will not increase the taxable values of the property for five assessment years. This legislation defines solar energy to include solar thermal and separate storage apparatuses such
This is a competitive grant program administered by the Iowa Economic Development Authority. Projects must provide some benefit to Iowa ratepayers and aid one of the key focus areas of the Iowa Energy Plan, two of which are biomass conversion and electric grid modernization. Those
State entities including boards, departments, commissions, and authorities are required to perform energy analyses and reviews. This excludes the Iowa General Assembly, the court system, political subdivisions, and the Governor’s office. State entities must also purchase energy equipment that meets a certain efficiency criteria. Construction
The Energy Infrastructure Revolving Loan Fund offers financing for agriculture, utilities, and businesses for energy infrastructure projects, including projects related to thermal storage, biomass, biogas, biomethane, and landfill gas. Applicants can receive up to $2.5 million or up to 75% of project costs. Eligible borrowers
Iowa businesses can apply to the Low Interest Revolving Loan Fund, administered by the IADG Energy Bank, for financing on renewable energy, energy efficiency, and energy management projects. Loan terms are low-interest and have a term of up to 10 years. Loan sizes range from
Iowa offers an exemption from the replacement generation tax for certain entities. Included in the exemption is all energy generated by methane gas conversion property if used connection or conjunction with a publicly-owned sanitary landfill or used to collect waste that would otherwise be collected
Iowa offers a sales tax exemption for solar, wind, and hydroelectric devices. The exemption applies to up to 100% of the sales tax. For solar devices, the exemption does not cover batteries or other storage units, safety equipment such as fencing, or materials used to
