Innovative Financing Techniques to Drive the Geothermal Heat Pump Market--Using Public Financing and Regulatory Incentives
- Key words
- Geothermal; Financing; Incentives; Public; Tax; Tax Credit; Regulatory; Ownership structure
- Location
- United States
- Conference
- Geothermal Resources Council Transactions
- Year
- 2010
- Session
- Financing; Taxation; Geothermal heat pumps
- Language
- English
Abstract
challenges that are unique among the renewable energy industry. While geothermal heat pump projects can be eligible for many public financing incentives including tax credits, loan guarantees, federal grant programs, bonds, and other tax incentives, some incentives are not on par with incentives available for other technologies. Development of geothermal heat pumps may also benefit from regulatory regimes such as renewable energy standards and carbon offset programs as these programs become more defined. Innovative tax and ownership structures can provide stable project financing opportunities to overcome the challenges in the development of geothermal heat pump projects.
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