Solar power is an affordable and sustainable way to reduce your electric bill by hundreds of dollars every month. As an Iowa resident, you have access to an Iowa solar tax credit that can reduce the cost of your array by up to $5,000. This year, the credit is worth 15% of your array cost.
The federal tax credit provides 30% of the cost of your array in a tax credit. With this dollar-for-dollar reduction in your tax liability, you can knock down the cost of your array by thousands of dollars.
However, when the federal tax credit drops from 30% to 26% in 2020, the state tax credit will drop as well. This may not seem like a lot, but it can add up to a significant amount of savings lost. 2019 is the last year to maximize the value of your tax incentives. The clock is ticking to choose an Iowa solar installer, because the tax credit will lose value after 2019.
With over a decade in business, multiple megawatts of solar installed, and a team of experts on staff, Simpleray is one of the best Iowa solar installers. We’ve been named top solar contractor in Iowa by Solar Power World and even won Most Forward-Thinking Contractor in 2017.