Iowa

Renewable Chemical Production Tax Credit

Businesses that produce renewable chemicals from a biomass feedstock are eligible for a tax credit on renewable chemicals produced between 2017 and the end of the 2025 calendar year. This tax credit is allowed against income, corporate, and franchise taxes.

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Innovation Fund Investment Tax Credits

This is a tax credit allowed against income, corporate, and franchise taxes. Eligible businesses are those that apply novel or original methods to the manufacture of a product or the delivery of a service, including the advanced manufacturing and biosciences industries. Given the cutting-edge nature

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Energy Infrastructure Revolving Loan Program

The Energy Infrastructure Revolving Loan Program (EIRLP) went into effect on July 1, 2021, and provides low-interest loans for energy infrastructure projects facilitating electricity or gas generation, transmission, storage, or distribution. The maximum loan is $2.5 million or 75% of the project costs with terms

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Property Tax Exemption for Renewable Energy Systems

The construction or installation of a solar energy system on property classified as commercial or industrial will not increase the taxable values of the property for five full assessment years. This legislation defines solar energy to include solar thermal and separate storage apparatuses (e.g. thermal

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Iowa Energy Center Competitive Grant Program

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

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Methane Gas Conversion Property Tax Exemption

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. Unless installed before December 31, 2021, methane gas conversion property must be connected with or work in conjunction with

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