The recently passed Inflation Reduction Act will transition current investment tax and production tax credits to a “technology-neutral” tax credit. This new tax credit will be available to all technologies that meet a minimum carbon emissions standard, which should create an equal playing field for competing technologies and energy sources.
While an improvement over current practices, there is still room for state and federal partners to create incentive parity between clean energy resources.
On March 29, at 12 p.m. MDT, the latest installment of the Heat Beneath our Feet webinar series will convene regional experts to discuss improvements in incentive structures for the development of geothermal resources.
Joining WGA for this conversation will be Bryce Carter, the program manager for emerging markets and geothermal at the Colorado Energy Office; Landon Stevens, the Senior Program Director for the Electricity Sector at Clear Path Energy; and Sean Porse, the Data, Modeling, and Analysis Program Lead at the U.S. Department of Energy.
