Summary

The City may abate the new property taxes on new developments for a period of years within Urban Revitalization Zones. In these zones, the program has spurred the growth of new housing developments and renovations of existing homes. For industrial projects, the State of Iowa has granted the City the authority to abate new industrial value based on a five-year schedule.

Incentives are offered to participants (Project Sponsors) who install energy efficient retrofit projects in commercial and industrial facilities. This program also accepts new construction projects, which exceed minimum energy efficiency standards. 

A qualifying facility will be one with a peak demand of at least 10​​0 kW at a single site or a combined peak demand of at least 250 kW at multiple sites. Each project must achieve a minimum summer peak demand reduction of 15 kW or 100,000kWh.

Incentives are paid to project sponsors for verified demand and energy savings. Project sponsors may be any company, contractor, or customer who installs energy efficiency measures.

For more information, please email our program contact at cisop@CenterPointEnergy.com.