Knowledge of the strength of the metal–ligand bond breaking and formation is fundamental for an understanding of the thermodynamics underlying many important stoichiometric and catalytic organometallic reactions. Quantum chemical calculations at different levels of theory have been used to investigate heterolytic Fe―C bond energies of para‐substituted benzyldicarbonyl(η5‐cyclopentadienyl)iron, p‐G‐C6H4CH2Fp [1, G = NO2, CN, COMe, CO2Me, CF3, Br, Cl, F, H, Me, MeO, NMe2; Fp = (η5‐C5H5)(CO)2Fe], and para‐substituted α‐cyanobenzyldicarbonyl(η5‐cyclopentadienyl)iron, p‐G‐PANFp [2, PAN = C6H4CH(CN)]. The results show that BP86 and TPSSTPSS can provide the best price/performance ratio and more accurate predictions in the study of ΔHhet(Fe―C)'s. The good linear correlations [r = 0.98 (g, 1a), 0.99 (g, 2b)] between the substituent effects of heterolytic Fe―C bond energies [ΔΔHhet(Fe―C)'s] of series 1 and 2 and the differences of acidic dissociation constants (ΔpKa) of C―H bonds of p‐G‐C6H4CH3 and p‐G‐C6H4CH2CN imply that the governing structural factors for these bond scissions are similar. And the excellent linear correlations [r = −1.00 (g, 1c), −0.99 (g, 2d)] between ΔΔHhet(Fe―C)'s and the substituent σp− constants show that these correlations are in accordance with Hammett linear free energy relationships. The polar effects of these substituents and the basis set effects influence the accuracy of ΔHhet(Fe―C)'s. ΔΔHhet(Fe―C)'s(1, 2) follow the Capto‐dative Principle. The detailed knowledge of the factors that determine the Fp―C bond strengths would greatly aid in understanding reactivity patterns in many processes. Copyright © 2011 John Wiley & Sons, Ltd.