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It is 20% of the Federal Tax Credit or in your example, 20% of the $9,000 or $1,800 IA credit or the state tax credit is equal to 6% of the system cost ($30,000 * 6% = $1,800).
Per http://www.geothermalgenius.org/states/iowa/ IOWA AND GEOTHERMAL: Geothermal heating and cooling is a proven and reliable method of delivering energy efficient, environmentally friendly heating and cooling to Iowa homes by using the earth's constant ground temperature to provide heating, cooling and hot water in both new and retrofit construction. There is a 30% Federal Tax Credit AND a 20% Iowa State Tax Credit, not a bad incentive!
It is 20% of the Federal Tax Credit or in your example, 20% of the $9,000 or $1,800 IA credit or the state tax credit is equal to 6% of the system cost ($30,000 * 6% = $1,800).
Per http://www.geothermalgenius.org/states/iowa/ IOWA AND GEOTHERMAL: Geothermal heating and cooling is a proven and reliable method of delivering energy efficient, environmentally friendly heating and cooling to Iowa homes by using the earth's constant ground temperature to provide heating, cooling and hot water in both new and retrofit construction. There is a 30% Federal Tax Credit AND a 20% Iowa State Tax Credit, not a bad incentive!
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