Tech: From the Ground Up

By Mark Anderson

Illustration by Thomas Fuchs

With federal dollars shrinking, business owners have been reluctant to invest in geothermal projects, experts say. Another problem is the uncertain future of tax incentives. The “production tax credit”—which grants businesses a 1.9 cent-per-kilowatt-hour credit for electricity generated during the first decade of a geothermal (or other renewable energy) plant’s operation—is set to expire on December 31, 2008. However, a bipartisan coalition of Congress members is working to extend the credit through 2013, which would offer investors more security.

These efforts, experts say, could be just what are needed to get EGS plans off the drawing board and into the ground.

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Issue 25

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