Iowa Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 11/16/2012
Program Overview:
| State: |
Iowa |
| Incentive Type: |
Performance-Based Incentive |
| Eligible Renewable/Other Technologies: |
Photovoltaics, Wind |
| Applicable Sectors: |
Commercial, Residential |
| Amount: | $0.20/kWh |
| Maximum Incentive: | Payment limited to 25% of customers monthly kWh usage |
| Terms: | 10 years |
| Eligible System Size: | 500 W - 10 kW (AC) |
| Ownership of Renewable Energy Credits: | Utility owns during incentive term (10 years)
Customer regains ownership 10-year term |
| Web Site: |
http://sites.google.com/site/feckalona/energy/renewable-energy
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Summary:
Farmers Electric Cooperative offers a production incentive to members that install qualifying wind and solar electricity generating systems. Qualifying grid-tied solar and wind energy systems are eligible for a $0.20 per kilowatt-hour (kWh) production incentive for up to 10 years for energy production that offsets up to 25% of monthly energy usage.
This is a buy-all, sell-all arrangement where the customer-generator purchases all of their electricity from the utility at the normal retail rate, and sells the entire output of their qualifying system (up to 25% of their own monthly consumption) to the utility. As a result, this arrangement requires two meters; one to measure the renewable energy system's production and one to measure the electricity used by the home or business.
Energy production beyond 25% of a customer's consumption can be used to offset on-site usage through the utility's net metering program. This special energy purchase rate is only available for systems placed in service on or after January 1, 2008, and customers must participate in the utility's Green Power Project in order to qualify. The utility also offers a renewable energy rebate program to help offset the initial upfront cost of qualifying solar and wind energy systems. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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