• 30% credit starts in 2022 and goes through 2032, declining to 26% in 2033 and 22% in 2034. 
• Available from 2022 for solar + storage, Standalone battery systems eligible beginning in 2023.

No maximum amount to be claimed.

• Internal Revenue Service (IRS)
• Department of the Treasury

• Resource: Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics | Department of Energy 
• Code: 26 USC §25D 

Available through 2032.

Annual credit limits of $600 on energy property, $600 on energy efficiency, $600 on electrical panel upgrade, and $150 on audits.

• Internal Revenue Service (IRS)
• Department of the Treasury

• Energy Efficient Home Tax Credit Flowchart (IEC Resource)
• Code: 26 USC §25C

Start date dependent on State of Iowa implementation. Earliest of 2023 through September 30, 2031.

• Iowa Allocation: $60,827,450
• Additional funding can be provided to individuals earning less than 80% of the area median income. Visit the AMI calculator at bottom of page to learn if you qualify.

• Iowa Energy Office
• U.S Department of Energy

• HOMES Rebate Flowchart (IEC Resource)
• Code: House Bill 5376 Section 50121

Please note that these funds are not currently available. The Iowa Economic Development Authority (IEDA) will need to apply for the funds and implement programs for both the HEAR and HOMES rebates.

IEDA is awaiting guidance from the Department of Energy (DOE) on how to apply for the funding. The current projected timing is for the DOE guidance to be issued this summer, and the rebate programs likely implemented in 2024. Importantly, the rebates are not projected to be retroactive.

Start date dependent on State of Iowa implementation. Earliest of 2023 through September 30, 2031.

• Iowa Allocation: $60,473,810
• HEEHRA is a voluntary program that provides point-of-sale rebates for eligible electrification equipment and projects. Low-income households receive up to 100 percent of rebate and moderate-income households receive up to 50 percent of rebate amount. Limit of $14,000 per household.   

See the table below for qualified rebates.

• Iowa Energy Office
• U.S Department of Energy

• HEAR REBATES Flowchart (IEC Resource)
• Code: House Bill 5376 Section 50122

Please note that these funds are not currently available. The Iowa Economic Development Authority (IEDA) will need to apply for the funds and implement programs for both the HEAR and HOMES rebates.

IEDA is awaiting guidance from the Department of Energy (DOE) on how to apply for the funding. The current projected timing is for the DOE guidance to be issued this summer, and the rebate programs likely implemented in- late 2024. Importantly, the rebates are not projected to be retroactive.

DOE has released application guidelines for Tribal governments to apply for $225 million in funding under the HEAR program. Once DOE has approved a Tribe's application, the Tribe may launch its program and begin issuing rebates. Tribal officials can review the published guidance in DOE's new Administrative and Legal Requirements Document.

• January 1, 2023 through December 31, 2032.
• Starting in 2024, buyers will be allowed to transfer the credit to auto dealers at the point of sale in order to directly reduce the purchase price. 

Income eligibility: 

• Single tax filers: < $75,000
• Heads of households: < $112,500 
• Joint tax filers: < $150,000 

• Internal Revenue Service (IRS)
• Department of the Treasury

• Clean Vehicle Tax Credit Flowchart (IEC Resource)
• Code: 26 USC §25E
• Manufacturers and Models for Used Qualified Clean Vehicles Purchased in 2023 or After | Internal Revenue Service (IRS)
• Clean Vehicle Tax Credit Q&A | Internal Revenue Service (IRS)
• U.S. Department of the Treasury list of electric vehicles that qualify for federal tax credits