Tag Archives: Residential Renewable Energy Tax Credit (ITC)

As oil crashes, ‘America’s untapped energy giant’ could rise

By Emily Pontecorvo, Grist

Kate Young, the geothermal program manager at the National Renewable Energy Laboratory, said that over the past year she’s noticed an uptick in interest from the oil and gas industry in geothermal. “That, I think, is very exciting,” Young said. “Oil and gas has the funding and capability and knowhow to quickly advance technology and deployment of geothermal.”

As international climate policy puts more pressure on fossil fuel companies to look for new business models, geothermal offers a way to repurpose what they know best: drilling, extraction, and infrastructure. “Geothermal is their way out,” said Sanjeev Kumar, head of policy at the European Geothermal Energy Council. Geothermal is an opportunity not just for oil and gas companies, but also for the oil and gas workers losing their jobs because of the price crash, or who may soon lose them due to climate policy. Many of the jobs and skill sets are transferable, from exploration geologists to drillers to power plant operators. Read more here.

Geothermal Map: Existing and planned U.S. geothermal installed capacity (MWe) by state. Source: U.S. Department of Energy

UPCOMING WEBINAR

Career Pathways in Geothermal Energy, April 15, 2020, 12 to 1 pm. Register here.

DOE GEOTHERMAL & SOLAR RESEARCH FUNDING

DOE News Release: On February 4, 2020, the Department of Energy announced up to $43.8 million to advance geothermal research and development. The following day, DOE announced up to $125.5 million in new funding for solar technology research.

PREVIOUSLY POSTED 

Web Links 

LOCAL GEOTHERMAL EXAMPLE: MAMMEL HALL

An energy source that lies right under your feet, by Laura King-Homan, OPPD The Wire
The project is an example of how commercial electricity customers utilize geothermal heating and cooling to reach their energy goals. OPPD has offered expertise in this area for decades, including testing potential building sites for suitability.

PROJECTS FOR HOMES & BUSINESSES

Previously Posted: How to Combine Solar and Geothermal Renewable Energy Sources, Blue & Green Tomorrow

Examples of Nebraska homeowners who have installed solar & geothermal projects:
Click on “Solar Examples” on the above menu bar and scroll down to:
Dageforde Net Positive Energy Home
Don Preister’s Home In Bellevue

Several businesses listed in Nebraskans for Solar’s Directory install geothermal projects alone or combined with solar.

Incentives for Homeowners & Businesses
Geothermal installations are among the clean and renewable energy projects that qualify for the Federal Renewable Energy Investment Tax Credit (ITC), which is now 26% through December 31, 2020. Resource: Database of State Incentives for Renewables & Efficiency (DSIRE)

All Incentives for Renewables & Efficiency
Resource: Database of State Incentives for Renewables & Efficiency (DSIRE)

RURAL ELECTRIC COOPERATIVES

According to the National Rural Electric Cooperative Association (NRECA), 141 cooperatives in 10 states utilize heat recovery. Nebraska is 9th, with 6 cooperatives utilizing heat recovery. Thermal capture technologies, including geothermal technologies, use heat to generate power.

An energy source that lies right under your feet

By Laura King-Homan, OPPD The Wire

More than 100 holes dot a construction site around Mammel Hall. Soon, tubing will wind through the holes to heat and cool a new addition to the building on the University of Nebraska at Omaha campus. The project is an example of how commercial electricity customers utilize geothermal heating and cooling to reach their energy goals. OPPD has offered expertise in this area for decades, including testing potential building sites for suitability. Continue reading here.

Photo Credit: OPPD The Wire

About Laura King-Homan

Laura King-Homan is the managing editor of The Wire and a communications specialist at the Omaha Public Power District. She has nearly 20 years of print journalism and design experience, including the Omaha World-Herald.

View all posts by Laura King-Homan


Previously Posted News & Resources

Web Links 

Examples of Nebraska homeowners who have installed geothermal heat pumps – Click on “Solar Examples” on the above menu bar and scroll down to:
Dageforde Net Positive Energy Home
Don Preister’s Home In Bellevue

Incentives for Homeowners & Businesses
Geothermal projects qualify for the Federal Renewable Energy Investment Tax Credit (ITC), which is now 26% through December 31, 2020.
Resource: Database of State Incentives for Renewables & Efficiency (DSIRE)

All Incentives for Renewables & Efficiency
Resource: Database of State Incentives for Renewables & Efficiency (DSIRE)

Hello, sunshine!

Written by Lynn Hartzell, Nebraska Home Sales Realtor,
Contributor, Lincoln Journal Star Lifestyle Magazine

I have to admit, there was a time in my life when I heard someone talking about Alternative Energy and I would roll my eyes. I had had a long career at a local public power company working in the power plants that produce energy with coal, diesel fuel and natural gas. They all worked pretty well, and I saw no reason to mess with success. But in 2015, my wife and I did some investigating and found that the price of solar power for residential use was coming down quickly and made financial sense. Continue reading here.

Links to Solar & Small Wind Energy Incentives & Nebraska Energy Office Loans

Federal Investment Tax Credit for solar systems and small wind turbines: 30% to December 31, 2019. Small wind: 100 kilowatts or less. Source: Database of State Incentives for Renewables & Efficiency (DSIRE)

Additionally, LES customers may qualify for a one-time capacity payment of up to $1,000 per kilowatt of peak demand reduced. The total amount customers can receive is determined by the system size and primary direction the system is facing, for example:

  • Southern facing fixed-photovoltaic solar – the unit’s nameplate DC capacity (kW) x $375.
  • Western facing or single or dualaxis tracking fixed-photovoltaic solar – the unit’s nameplate DC capacity (kW) x $475.

Source: Customer-owned Renewable Generation

Business Equipment Depreciation Resources