Utah Admin. Code R362-2-10 - Investment Tax Credit, Eligible Costs for Commercial and Residential Systems, Geothermal Heat Pumps
(1) Eligible costs
for geothermal heat pump systems must conform with Section
R362-2-5 and meet the
requirements contained in this Section.
(2) Costs incurred for the drilling of wells
or excavating trenches are eligible if used within the final system for the
exchange of heat with the ground. The costs of exploratory wells or trenches
that are not used within the final system are not eligible.
(3) Design costs for a geothermal heat pump
system are eligible but only for the components of the system that are not
associated with a conventional heating and air conditioning system. Tax credit
applications should separate design costs for the geothermal and conventional
components of the system.
Notes
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