Your business is in a prime position to benefit from solar power. With special financial incentives such as MACRS depreciation, the federal tax credit, and the Iowa state tax credit, you can reduce your overhead while saving up to 80% on the net cost of a solar array. That means your investment can be repaid in no time at all, leaving you years to benefit from reduced electric costs.
Solar power in Iowa can reduce overhead, improve cashflow, and provide a unique selling position for your business. You'll take home tax benefits in year one, but also generate free electricity for decades to come. 2019 will be the final year to claim the largest tax benefits (including the Iowa state tax credit), and going solar later will mean a loss of these potential savings.
Iowa businesses can benefit from an additional tax credit from the state of Iowa. This credit can reduce your state tax liability by as much as $20,000. However, the percentage is always half of the federal tax credit, which means that when the federal tax credit drops to a lower percentage next year, so will the state tax credit.
There has never been a better time for a business to adopt solar power, and waiting could cost you thousands of dollars in savings. With the right Iowa solar company, you can reduce one of your most persistent expenses, while providing significant tax benefits.
Simpleray has been a major Iowa solar company for over ten years and was ranked the top solar contractor in Iowa by Solar Power World. Our team is made up of a unique blend of financing, installation, and engineering experts. This makeup allows us to create systems that are affordable while providing the best savings over their lifetime.
