Canada: Federal Budget Expands Types of Geothermal Projects that can Take Advantage of Tax Breaks and Incentives

Alberta geothermal industry celebrates federal budget but challenges remain (Yahoo! News)

Advocates of geothermal energy in Alberta are celebrating this week's federal budget, which features tax incentives for development of the renewable energy, but that push might not be enough to get the industry running at full steam.

"You have to have the investment environment, you have to have the consumer environment, and so I think from our perspective we're really seeing a lot of colliding forces come together," said Sean Collins, president of Terrapin Geothermics.

The federal budget expanded the types of geothermal projects that can take advantage of tax breaks and incentives.

"We're really happy with it. I think it's one of those things, you're starting to see politicians recognize it," said Collins, who spoke to CBC News during a geothermal conference in Calgary on Thursday.

Read More........