GEOTHERMAL FEDERAL TAX CREDIT | Currently Under Review
The Federal Government is currently under review of the bill that would provide a tax credit for a percentage of the proposal total cost. This will be updated as we get further confirmation.
GEOTHERMAL IOWA STATE TAX CREDIT
The State of Iowa will provide a tax credit of 10% of the proposal total cost. All geothermal systems installed January 1, 2017 and after are eligible to receive a 10% tax credit. The 10% credit is not available in years in which the federal residential energy efficient property tax credit for geothermal heat pumps is available.
SOLAR FEDERAL TAX CREDIT | Expires December 31, 2019
The Federal Government will provide a tax credit of 30% of the proposal total cost. There is no limit on the dollar amount of this credit.
SOLAR IOWA STATE TAX CREDIT
The State of Iowa will provide a tax credit of 18% of the proposal total cost related to solar energy, not to exceed $5,000. The credits awarded per calendar year is capped at $4.5 million and reserved on a first-come, first-served basis until the cap is reached each year. The Department will establish a wait list for the next year's allocation of awards if that cap is exceeded.
No Property taxes on Geothermal Systems installed after 2012 for 10 years!*
No Property taxes on Solar PV Systems installed after 1978 for 5 years!*
* Iowa Taxes ONLY
E&J Geothermal knows how much of an investment a new heating, air conditioning, air quality or geothermal system can be. That's why we want to help you protect your investment!
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* All rebates are subject to change