GEOTHERMAL

INCENTIVES UPDATED JANUARY 2010

• Residential:
  • Federal Incentives:
    • Renewable Energy Tax Credit
      • 30% of total cost with no limit
      • can be all in one tax year or spread over 5 consecutive tax years
  • State Incentives:
    • PA Alternative Energy Tax Credit
      • 15% of cost less any state grant money
      • 2008 projects claim in 2009 tax year, 2009 projects claim in 2010 tax year
    • Possible future grant opportunities under House Bill 1
    • Possible Utility rebate programs opening in the near future
• Business:
  • Federal Incentives:
    • Renewable Energy Tax Credit
      • 10% of total cost with no limit
      • can be all in one tax year or spread over 5 consecutive tax years
    • Renewable Energy Grants
      • Converts above tax credit to a grant
      • Now until 10/1/2011
  • State Incentives:
    • PA Alternative Energy Tax Credit
      • 15% of cost less any state grant money
      • 2008 projects claim in 2009 tax year, 2009 projects claim in 2010 tax year
    • PEDA Grants – competitive grants
    • Energy Harvest Grants – competitive grants
    • Small Business Energy Efficiency Grant Program
      • 100 employees or less
      • must improve energy savings by 20% minimun
      • 25% of project cost up to $25,000
    • Possible future grant opportunities under House Bill 1

FOR MORE INFORMATION CONTACT WORLEY & OBETZ 1-800-697-6891