Utah Admin. Code R362-2-11 - Investment Tax Credit, Eligible Costs for Commercial Systems and Residential Systems, Geothermal Electricity
(1) Eligible costs for geothermal electric
systems must conform with Section
R362-2-5 and meet the
requirements in this Section.
(2)
Eligible equipment costs for a geothermal electrical system are limited to
components up to the point of interconnection with AC service when powering a
building, or up to the point of interconnection with the electrical grid for
system intended solely for the sale of power.
(3) Eligible equipment costs include:
(a) production and injection wells and well
casings;
(b) wellhead pumps, and
turbine generators;
(c) flash
tanks;
(d) flash steam
systems;
(e) heat
exchangers
(f) binary cycle
systems; and
(g) condensers and
associated pumps.
(4)
Design costs for a geothermal electrical system are eligible but only for the
cost of integrating the eligible components of the system that are listed in
(3) above. Tax credit applications must separate design costs for the
geothermal and conventional components of the system.
(5) Costs for studies to characterize a
geothermal resource are eligible if a final system using the geothermal
resource is built and placed into operation.
(6) Costs incurred for the drilling of wells
are eligible if the wells are actually used within the final geothermal
electrical system. The costs of exploratory wells that are not used within the
final system are not eligible.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.