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http://www1.eere.energy.gov/geothermal/current_solicitations.html Renewable Energy Fund: Renewable Energy Grant Program (AEA) The Alaska legislature has already authorized a $100 million fund for renewable energy projects. For more information follow the link: www.akenergyauthority.org/RE_Fund.html Renewable Energy Production Tax Credit (PTC) A corporate tax break that reduces the final energy costs to supply output to the market. Currently the PTC for geothermal is $.021 per kWh. For more information follow the link: www.irs.gov/pub/irs‐ pdf/f8835.pdf Cap & Trade System (pollution credits) Future benefits could exist if a cap and Trade system is implemented. Cap and Trade is a policy approach for controlling major ground source emission sources. The system’s goals include: 1) capping emissions 2) providing accountability 3) and simplicity of design and operation. For more details please follow the link: http://www.epa.gov/airmarkets/cap‐trade/docs/ctessentials.pdf Database for State Incentives for Energy and Incentives (DSIRE) A general overview of state and federal funding and financing opportunities currently available for geothermal energy. For more information follow the link: www.dsireusa.org/ Regulation & Authorities Alaska statutes govern the sale and disposal of state‐owned mineral interest. AS 38.05.035(e) essentially states that if the use of the land best suites the states interest and the ADNR commissioner approves the contracts for sale, lease, or disposal of available land, resources, property, or interests in them. This is known as a Best Interest Finding (BIF) and describes and analyzes the potential effects of the transaction and ways to mitigate those effects. Geothermal Land Leases All geothermal leases, whether awarded competitively or noncompetitively, are for a primary term of 10 years. Geothermal lease renewal and extension requirements are set out at 11 AAC 84.745(a), which says: “If, at the expiration of the 10‐year primary term of a geothermal lease, the lessee has begun operations necessary to drill a geothermal well using equipment located at the lease area of sufficient size and capacity to drill to the total depth proposed in the plan of exploration for the well, the commissioner will, in his discretion, extend the geothermal lease for one five‐year term. In this subsection, “operations necessary to drill a geothermal well” includes drilling, re‐drilling, sidetracking, or other techniques necessary to reach the bottom hole location proposed in the plan of exploration.” (DOG, 2008) Alaska Department of Natural Resources (ADNR) The ADNR commissioner is needed for approval of land contracts. Alaska Division of Lands (ADL)PDF Image | COMPREHENSIVE RENEWABLE ENERGY FEASIBILITY STUDY Sitka
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