Effect of proposed Federal tax credits and forgivable loans on geothermal electric power development: hot line report

Technical Report · Thu Nov 01 00:00:00 EST 1979

DOI:https://doi.org/10.2172/5353958· OSTI ID:5353958

Cassel, T A.V.

The likely impacts of two proposed federal incentives for accelerating the development of geothermal resources for electric power production are evaluated. The incentives are: an additional 20% investment tax credit applicable to both well field capital and power plant capital; and a federal loan for 50% of the cost of exploration and confirmation wells which is entirely forgivable if the wells prove unsuccessful. The evaluations were performed by the use of DOE's geothermal investment decision model (TCN2000), which is presently capable of estimating the probability of progressive levels of development at ten Known Geothermal Resource Areas (KGRA's) in California and Utah.

• Research Organization: Technecon Analytic Research, Inc., Philadelphia, PA (USA)
• DOE Contract Number: AC02-79ET27242
• OSTI ID: 5353958
• Report Number(s): COO-27242-2
• Country of Publication: United States
• Language: English

Related Subjects

15 GEOTHERMAL ENERGY
29 ENERGY PLANNING
POLICY AND ECONOMY
GEOTHERMAL POWER PLANTS
FINANCIAL INCENTIVES
COSO HOT SPRINGS
EAST MESA GEOTHERMAL FIELD
ECONOMIC ANALYSIS
EVALUATION
GEOTHERMAL ENERGY
GEYSERS GEOTHERMAL FIELD
GOVERNMENT POLICIES
HEBER GEOTHERMAL FIELD
KGRA
LONG VALLEY
RESOURCE DEVELOPMENT
ROOSEVELT HOT SPRINGS
SALTON SEA GEOTHERMAL FIELD
TAXES
UTAH
CALIFORNIA
ECONOMICS
ENERGY
ENERGY SOURCES
GEOTHERMAL FIELDS
NORTH AMERICA
POWER PLANTS
RENEWABLE ENERGY SOURCES
ROCKY MOUNTAIN REGION
THERMAL POWER PLANTS
USA
WESTERN REGION
Geothermal Legacy