Site ground characteristics, system size and complexity affect cost. Payback is typically between five and 10 years, and it is affected by occupancy, utility rates and available incentives.
On a federal basis, the owner of a commercial geothermal system is eligible to receive a 10 percent investment tax credit, as well as the benefits from accelerated depreciation (including 50 percent bonus depreciation). State incentives can be found on the DSIRE website. Geothermal systems are also typically eligible for energy-efficiency rebates from utility companies.
Melink can help you determine the financing option that is best for your situation. Typical financing solutions are third-party financing and Property Assessed Clean Energy (PACE). We will pursue a more creative financing method if necessary.
K-12 schools are eligible for HB-264 and Certificates of Participation Financing.
For more information on PACE financing, visit http://www.pacenation.us/about-pace/