Section R362-2-10 - Investment Tax Credit, Eligible Costs for Commercial and Residential Systems, Geothermal Heat Pumps(1) Eligible costs for geothermal heat pump systems must conform with Section R362-2-5 and meet the requirements contained in this Section.(2) Costs incurred for the drilling of wells or excavating trenches are eligible if used within the final system for the exchange of heat with the ground. The costs of exploratory wells or trenches that are not used within the final system are not eligible.(3) Design costs for a geothermal heat pump system are eligible but only for the components of the system that are not associated with a conventional heating and air conditioning system. Tax credit applications should separate design costs for the geothermal and conventional components of the system.Utah Admin. Code R362-2-10
Adopted by Utah State Bulletin Number 2020-16, effective 7/29/2020