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NEXT STEPS The purpose of the Rico Geothermal Plan is to synthesize the existing research and planning and involve the community in guiding next steps. Preparing for Next Steps Identify Funding and incentives: Identify all applicable geothermal incentive programs, including: grants, loans, loan guarantees, drilling‐ risk insurance, production tax credits, renewable energy purchase requirements, renewable energy credits, etc. FIGURE 23 – POTENTIAL FUNDING RESOURCES Create Partnerships: Establish partnerships between the Town, State, and Federal Governments and private entities and individuals interested in pursuing sustainable geothermal resource development. Continue to Involve the Community: One option for keeping the community informed is to for a geothermal energy committee consisting of Town officials, landowners, scientists, attorneys and other individuals who can continue to create momentum to develop Rico's geothermal Program Administrator Program Program Summary Resources Colorado Governors Energy Office Revolving Loan Designed to provide early financing to energy related projects that may not be able to acquire traditional financing http://www.colorado.gov/cs/ Satellite/GovEnergyOffice/ CBON/1251599938908 US Department of Agriculture Grants Program for the improvement of energy generation, transmission, and distribution facilities in rural communities. http://www.rurdev.usda.gov/ UEP_Our_Grant_Programs.h tml US Department of Agriculture Grants, Revolving Loan Programs for energy efficiency improvements and renewable energy systems http://www.rurdev.usda.gov/ UEP_Our_Grant_Programs.h tml IRS Federal Loan Clean Renewable Energy Bonds may be used to finance renewable energy projects http://www.irs.gov/pub/irs‐ tege/tc_and_stcb_q‐a._09‐ 07‐10_1.5.pdf IRS Federal Loan Qualified Energy Conservation Bonds may be used to finance renewable energy projects Timothy Jones, or David White, (202)622‐3980 US Department of Energy Federal Loan Loan guarantees for projects that avoid, reduce or sequester air pollutants or anthropogenic emissions of greenhouse gases; and employ new or significantly improved technologies http:// www.lgprogram.energy.gov 24PDF Image | Geothermal Energy Master Plan Town of Rico, Colorado
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