Effect of proposed Federal tax credits and forgivable loans on geothermal electric power development: hot line report
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
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Related Subjects
15 GEOTHERMAL ENERGY
29 ENERGY PLANNING, POLICY, AND ECONOMY
CALIFORNIA
COSO HOT SPRINGS
EAST MESA GEOTHERMAL FIELD
ECONOMIC ANALYSIS
ECONOMICS
ENERGY
ENERGY SOURCES
EVALUATION
FINANCIAL INCENTIVES
GEOTHERMAL ENERGY
GEOTHERMAL FIELDS
GEOTHERMAL POWER PLANTS
GEYSERS GEOTHERMAL FIELD
GOVERNMENT POLICIES
Geothermal Legacy
HEBER GEOTHERMAL FIELD
KGRA
LONG VALLEY
NORTH AMERICA
POWER PLANTS
RENEWABLE ENERGY SOURCES
RESOURCE DEVELOPMENT
ROCKY MOUNTAIN REGION
ROOSEVELT HOT SPRINGS
SALTON SEA GEOTHERMAL FIELD
TAXES
THERMAL POWER PLANTS
USA
UTAH
WESTERN REGION
29 ENERGY PLANNING, POLICY, AND ECONOMY
CALIFORNIA
COSO HOT SPRINGS
EAST MESA GEOTHERMAL FIELD
ECONOMIC ANALYSIS
ECONOMICS
ENERGY
ENERGY SOURCES
EVALUATION
FINANCIAL INCENTIVES
GEOTHERMAL ENERGY
GEOTHERMAL FIELDS
GEOTHERMAL POWER PLANTS
GEYSERS GEOTHERMAL FIELD
GOVERNMENT POLICIES
Geothermal Legacy
HEBER GEOTHERMAL FIELD
KGRA
LONG VALLEY
NORTH AMERICA
POWER PLANTS
RENEWABLE ENERGY SOURCES
RESOURCE DEVELOPMENT
ROCKY MOUNTAIN REGION
ROOSEVELT HOT SPRINGS
SALTON SEA GEOTHERMAL FIELD
TAXES
THERMAL POWER PLANTS
USA
UTAH
WESTERN REGION