Iowa Solar Tax Credits

Iowa offers a tax credit to people who install solar energy – but these credits are time sensitive and current applications require you to submit the necessary information by May 1st for 2020’s installations, and it will likely be the same for next year. HOWEVER THESE CREDITS ARE SOON EXPIRING! Once they’ve expired, you won’t get a tax credit for solar installation unless new credits are passed by the Iowa Senate.

How to claim the credit.

Solar Energy System Tax Credits – The application for the tax credit is available online within the Tax Credit Award, Claim & Transfer Administration System (CACTAS). That is the State of Iowa’s custom tax credit claim system, which is required for people to claim tax credit awards in the State of Iowa. The system is designed so that once you have submitted an application, you can later sign into the system to track its status. The electronic process will create efficiencies in the review and approval of the hundreds of applications received for the Solar Energy System Tax Credit each year. All applications must be entered into CACTAS; paper applications are no longer available.

To learn about the amount of tax credits awarded under the program cap, select the Solar Energy System Tax Credit drop down option from the home page. You do not need to sign into CACTAS.

To apply for the tax credit, click “Sign In” at the top right corner of the screen. You will then need to sign in using the Authorization and Authentication (A&A) State system. If you do not have an A&A account associated with your email account, you will need to establish that account before signing into CACTAS. Once signed into CACTAS, select the View Details button under the description of the Solar Energy System Tax Credit discussion to start the application process. An installer may complete an application for you but the taxpayer requesting the credit is required to review and sign the Tax Credit Applicant Certification document available in the CACTAS application for download. Documents will also have to be uploaded as part of the application before it can be submitted.

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