Utah Admin. Code R362-2-12 - Investment Tax Credit, Eligible Costs for Commercial and Residential Systems, Direct Use Geothermal
(1) Eligible costs
for direct use geothermal systems must conform with Section
R362-2-5 and meet the
requirements contained in this Section.
(2) Eligible costs for a direct use
geothermal system are limited to components that are not associated with a
conventional hot water heating system.
(3) Eligible equipment costs include:
(a) wells and well casings;
(b) wellhead pumps: and
(c) heat exchangers where well water is not
directly used within a building or a manufacturer's heating system.
(4) Equipment and components
beyond the wellhead or a heat exchanger, are not eligible. Water treatment
equipment that would permit the direct use of well water within a heating
system is eligible.
(5) Design
costs for a direct use geothermal system are eligible only if the components of
the system would not normally be associated with a conventional hot water
heating system. Tax credit applications must separate design costs for the
geothermal and conventional components of the system.
(6) Costs for studies to characterize a
geothermal resource are eligible if a final system using the geothermal
resource is built and placed into operation.
(7) Costs incurred for the drilling of wells
are eligible if the wells are actually used, whether for withdrawal or
reinjection of water, within the final direct use geothermal system. The costs
of exploratory wells that are not used within the final system are not
eligible.
Notes
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