|
IA Renewable Energy Production Tax Credit |
|---|
| Type of Incentive |
Tax |
| Eligible States |
IA
|
| Eligible Technology |
Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel |
Biogas, Biomass |
| Eligible Project Size |
All (MW) |
| Number of Awards |
|
| Size of Award |
Iowa Code § 476C (SF 390) created a production tax credit of 1.5¢ per kilowatt-hour for electricity generated by and purchased from eligible wind and other renewable-energy facilities, including biomass and solar. Iowa also offers $4.50 per million BTUs of biogas used to generate either electricity or heat for commercial purposes, or $1.44 per thousand cubic feet of hydrogen fuel generated by and purchased from an eligible renewable-energy facility. Facilities must be placed into service on or after July 1, 2005, and before January 1, 2011. The maximum total amount of generating capacity from eligible renewables is 10 MW. |
| Start Date |
6/20/2005 |
| End Date |
12/31/2020 |
| Minimum Efficiency(%) |
|
| Additional Information |
This credit may be applied toward the state's personal income tax, business tax, financial institutions tax, or sales and use tax. To be eligible for the credit, a renewable-energy facility must be at least 51% owned by specifically defined qualifying owners, and must be approved by the IUB. |
| Web Site |
http://www.iowadnr.com/energy/renewable/incentives/wind.html  |
| Primary Contact |
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