Iowa Code Chapter 476B established a state production tax credit for energy generated by qualified wind energy facilities and sold or consumed on-site. Qualified facilities had to be placed in service on or after July 1, 2005, but before July 1, 2012. The program capacity limit has been reached. The tax credit certificates are transferrable and may be applied toward the state's individual income, corporation income, franchise, insurance program, sales and use, or replacement tax.
Iowa Code Chapter 476C established a state production tax credit for energy generated, sold, or consumed on-site by eligible wind energy facilities and certain non-wind renewable energy facilities. Eligible facilities had to be placed into service on or after July 1, 2005, and before January 1, 2018. The tax credit certificates are transferrable and may be applied toward the state's individual income, corporate income, franchise, insurance premium, sales and use, or replacement tax..
To qualify for the tax credits
Wind and other renewable energy facilities must first receive a preliminary eligibility determination from the Iowa Utilities Board. The information required in eligibility applications is available for viewing or download. Eligibility applications must be filed using the Board’s Electronic Filing System. The Board's rule at 199 IAC 15.19 describes the 476C eligibility application process.
An updated list of facilities granted preliminary eligibility determination by the Board is available for viewing or download in MS Excel format.
Following a preliminary eligibility determination, owners of eligible facilities may apply for tax credit certificates. Tax credit applications are processed via the web-based (Tax) Credit Award, Claim, and Transfer Administration System (CACTAS).
Applicants can access the CACTAS system using the following web address https://taxcredit.iowa.gov/home. A frequently asked questions document about the application process is available at https://rew-taxcredit.iowa.gov/Faq.
If you have any questions, please contact the Iowa Utilities Board by email to firstname.lastname@example.org or by telephone at 515.725.7300.