Breakthrough Technologies Institute - Fuel Cells 2000

www.state.ia.us/government/com/util/TaxCredits.html
www.state.ia.us/tax/taxlaw/IDRTaxCreditReportDec2005.pdf
Beginning on July 1, 2006, a renewable energy tax credit is available for producers or
purchasers of energy from an eligible renewable energy facility approved by the Iowa
Utilities Board. A power-purchase agreement is signed between the purchaser and
producer which sets forth which party will receive the tax credit. A renewable energy
facility includes a wind energy conversion facility, a biogas recovery facility, a biomass
conversion facility, a methane gas recovery facility or a solar energy conversion facility.
The facility must be located in Iowa and placed in service between July 1, 2005, and
January 1, 2011.
A producer or purchaser of renewable energy may receive renewable energy tax credit
certificates for a 10-year period for each eligible renewable energy facility. Participants
in the program receive renewable energy tax credits equal to $0.015 per kilowatt-hour of
electricity, or $4.50 per million British thermal units of heat for a commercial purpose, or
$4.50 per million British thermal units of methane gas or other biogas used to generate
electricity, or $1.44 per one thousand standard cubic feet of hydrogen fuel generated by
and purchased from an eligible renewable energy facility.
Contact:
Iowa Utilities Board
350 Maple Street
Des Moines, IA 50319-0069
Phone: (515) 242-0218 (Brenda Biddle) or (515) 281-5679 (John Pearce)
Fax: (515) 281-5329
E-mail: iub@max.state.ia.us
Web: www.state.ia.us/government/com/util
6. RD&D SUPPORT
Alternative Fuel Vehicle Research Grants
www.legis.state.ia.us/IACODE/1999SUPPLEMENT/214A/19.html
The Iowa Department of Natural Resources, conditioned upon the availability of funds, is
authorized to award demonstration grants to persons who purchase vehicles which
operate on alternative fuels, including but not limited to, high blend ethanol, CNG,
electricity, solar energy, or hydrogen. A grant shall be for the purpose of conducting
research connected with the fuel or the vehicle, and not for the purchase of the vehicle
itself, except that the money may be used for the purchase of the vehicle if all of the
following conditions are satisfied:
Contact:
• The department retains the title to the vehicle;
• The vehicle is used for continuing research; or
• If the vehicle is sold or when the research related to the vehicle is completed,
the proceeds of the sale of the vehicle shall be used for additional research.
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