diff --git a/.changelog/17612.txt b/.changelog/17612.txt
new file mode 100644
index 00000000000..20ff384d344
--- /dev/null
+++ b/.changelog/17612.txt
@@ -0,0 +1,3 @@
+```release-note:enhancement
+resource/aws_eip: Tags are set on create
+```
diff --git a/aws/resource_aws_eip.go b/aws/resource_aws_eip.go
index 3b20e3cab1e..4c8290e9fa4 100644
--- a/aws/resource_aws_eip.go
+++ b/aws/resource_aws_eip.go
@@ -145,6 +145,10 @@ func resourceAwsEipCreate(d *schema.ResourceData, meta interface{}) error {
 		Domain: aws.String(domainOpt),
 	}
 
+	if domainOpt == ec2.DomainTypeVpc {
+		allocOpts.TagSpecifications = ec2TagSpecificationsFromMap(d.Get("tags").(map[string]interface{}), ec2.ResourceTypeElasticIp)
+	}
+
 	if v, ok := d.GetOk("public_ipv4_pool"); ok {
 		allocOpts.PublicIpv4Pool = aws.String(v.(string))
 	}
@@ -179,13 +183,8 @@ func resourceAwsEipCreate(d *schema.ResourceData, meta interface{}) error {
 
 	log.Printf("[INFO] EIP ID: %s (domain: %v)", d.Id(), *allocResp.Domain)
 
-	if v := d.Get("tags").(map[string]interface{}); len(v) > 0 {
-		if d.Get("domain").(string) == ec2.DomainTypeStandard {
-			return fmt.Errorf("tags can not be set for an EIP in EC2 Classic")
-		}
-		if err := keyvaluetags.Ec2CreateTags(ec2conn, d.Id(), v); err != nil {
-			return fmt.Errorf("error adding tags: %s", err)
-		}
+	if v := d.Get("tags").(map[string]interface{}); len(v) > 0 && d.Get("domain").(string) == ec2.DomainTypeStandard {
+		return fmt.Errorf("tags can not be set for an EIP in EC2 Classic")
 	}
 
 	return resourceAwsEipUpdate(d, meta)