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Harnessing the power of the sun has never been easier
Solar Shines on Iowa Economy
The Iowa solar industry employs more than 800 people and supports jobs throughout the supply chain and manufacturing industries in Iowa. Iowa is home to more than 100 solar energy companies, and at least nine facilities involved in the manufacturing of solar parts. In the past four years alone, more than $209.5 million has been invested in solar using the Iowa solar investment tax credit. All of Iowa’s 99 counties have seen solar investment utilizing the solar investment tax credit.
There are an abundance of well-qualified solar experts in Iowa that can help walk you through the design and installation process. Click here to find an ISETA member near you to help you start the process!
Energy Savings and Independence
Take control of your energy generation and usage by harnessing the power of the sun. Not only will you see savings in your utility bills, but the solar installation will increase your property value.
Solar Panels Work Rain or Shine
Solar panels can use direct or indirect sunlight to generate power, meaning they still work even when the light is reflected or partially blocked by clouds. In fact, rain actually helps to keep your panels operating efficiently by washing away debris. Most utilities in Iowa have strong net metering policies that enable the energy generated by your panels during sunny hours to offset energy that you use at night or other times your system isn't operating at full capacity.
Investment Resources Available
There are several federal and state tax credit programs that enable you to invest in a solar project at an affordable price. The federal Investment Tax Credit (ITC) is a 30% federal tax credit for solar installations on both residential and commercial properties, reducing the tax liability for individuals or businesses that purchase qualifying solar energy technologies. Click here for more information about the federal ITC.
In addition to the federal ITC, Iowa has an upfront solar tax incentive that was created in 2012. The tax incentive currently offsets up to 15 percent of the cost of a solar project. Combined with the federal investment tax credit, the two credits can offset as much as 45 percent of the cost of a solar system. The program targets homeowners, farmers and businesses, and is capped at $5 million annually, with individual credit caps of $5,000 for residential and $20,000 for business to encourage as many small projects as possible across the state. Contact an ISETA member today to see how you can take advantage of the tax credits available!.