The Iowa legislature created the Iowa Solar Energy System Tax Credit in 2012. Designed to encourage local investment, the credit offsets up to 15 percent of the cost of a new installation. Legislators included limits of $5,000 per home or $20,000 per business to ensure accessibility.
This incentive led to 2,524 new solar projects between 2012 and 2016. The new installments are spread across the state, with at least one in 97 of Iowa’s 99 counties. In total, the $16.4 million provided by the solar tax incentive has generated $123,248,595 of private investment.