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installation of small-scale residential or commercial heat pump systems that do not provide at least 50 tons (individually or in aggregate) of heating and/or cooling. Applications for Topic Area 1 should also include an economic analysis and detailed discussion regarding the proposed approach for project replicability and transferability. Proposed projects should also be cost- effective, on a life-cycle and/or simple payback basis, and take advantage of existing conditions that reduce installation costs, such as local geological factors or the nature of the built environment that serve to minimize ground loop installation costs. DOE is seeking applications that offer greater energy savings, jobs created, and emissions avoided. Award recipients will be required to provide detailed utility energy consumption data to demonstrate GHP energy performance. For retrofit applications, utility data should be provided that establishes building energy consumption baselines, pre- and post-retrofit. All non-proprietary data collected during the project period shall be made available on the National Geothermal Data System. 2. Data Gathering and Analysis: DOE will fund data gathering and analysis research papers related to system costs, performance, and installation techniques which will provide insights into the lowest life-cycle cost applications for GHPs and assist consumers in determining project feasibility. Proposed projects should include collaboration with industry, academia and National Laboratory partners to assemble independent, statistically valid data on the costs and benefits of GHPs in a variety of building applications to target those that are most cost effective from a life cycle standpoint. Projects should include modeling of system performance and cost benefits for a variety of system designs and applications, from small residential to large district heating systems, and identify GHP applications based on lowest life cycle cost. 3. National Certification Standard: DOE will fund organization(s) to create a national certification standard for the GHP industry designed to increase consumer confidence in the technology, reduce the potential for improperly installed systems, and assure product quality and performance. Projects should solicit information and input from a variety of industry stakeholders, manufacturers, professional and trade organizations to develop a certification standard for all primary personnel involved in the installation of GHP systems, including drillers; plumbers and electricians; Heating, Ventilating, and Air Conditioning (HVAC) and refrigeration specialists; engineers; and architects. This Topic Area does NOT include the development of curriculum, training, or certification programs. FEDERAL TAX INCENTIVES The information below was obtained from the following Colorado Governor’s Energy Office webpage: http://www.colorado.gov/energy/index.php?/resources/energy-related-federal-tax- incentives/ There is an Investment Tax Credit (ITC) which allows 30% of expenditures, with no maximum credit limit, for geothermal energy property, including geothermal heat pumps and equipment used to produce, distribute or use energy derived from a geothermal deposit. For geothermal heat pumps, this credit applies to eligible property placed in service between 10/3/2008 and 12/31/2016. The Production Tax Credit (PTC) allows for 2.1 cents/kWh for geothermal power generation facilities placed in service before 12/21/2013 and the duration is 10 years after the facility has been placed in service. 49PDF Image | GEOTHERMAL RESOURCES GLENWOOD SPRINGS, COLORADO
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