GEOTHERMAL TECHNOLOGIES LEGACY COLLECTION - Bibliographic Citation


Bibliographic Citation



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Full Text: Citation URL: http://www.osti.gov/geothermal/product.biblio.jsp?osti_id=1054828
Title: Geothermal Brief: Market and Policy Impacts Update
Creator/Author: Speer, B.
Publication Date:2012 Oct 01
OSTI Identifier:OSTI 1054828
Report Number(s):NREL/TP-6A20-53288
DOE Contract Number:AC36-08GO28308
Document Type:Technical Report
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Research Org:National Renewable Energy Laboratory (NREL), Golden, CO.
Sponsoring Org:USDOE Office of Energy Efficiency and Renewable Energy Geothermal Technologies Program
Subject:15 GEOTHERMAL ENERGY; 29 ENERGY PLANNING, POLICY AND ECONOMY
Keywords:GEOTHERMAL; HYDROTHERMAL; INVESTMENT TAX CREDIT; ITC; PRODUCTION TAX CREDIT; PTC; CASH GRANT; LOAN GUARANTEE; INDUSTRY-COUPLED PROGRAM; Energy Analysis; Geothermal Energy
Description/Abstract:Utility-scale geothermal electricity generation plants have generally taken advantage of various government initiatives designed to stimulate private investment. This report investigates these initiatives to evaluate their impact on the associated cost of energy and the development of geothermal electric generating capacity using conventional hydrothermal technologies. We use the Cost of Renewable Energy Spreadsheet Tool (CREST) to analyze the effects of tax incentives on project economics. Incentives include the production tax credit, U.S. Department of Treasury cash grant, the investment tax credit, and accelerated depreciation schedules. The second half of the report discusses the impact of the U.S. Department of Energy's (DOE) Loan Guarantee Program on geothermal electric project deployment and possible reasons for a lack of guarantees for geothermal projects. For comparison, we examine the effectiveness of the 1970s DOE drilling support programs, including the original loan guarantee and industry-coupled cost share programs.
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Country of Publication:US
Language:English
Size/Format:Medium: ED; Size: 35 pp.
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System Entry Date:2012 Nov 26
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