Dive summary:
- The Biogas Investment Tax Credit of 2013, which would provide a 30% investment tax credit for biogas technologies, has been introduced to Congress by Representatives Ron Kind (D-WI) and John Lewis (D-GA).
- Other renewable energy methods already receive the federal investment tax credit; this legislation would just add biogas to the list.
- Currently only biogas which goes to producing electricity is eligible for a production tax credit, the passing of this legislation will help producers who make other kinds of power such as vehicle fuel or fuel that can be injected into natural gas pipelines.
From the article:
According to ABC Executive Director Patrick Serfass, projects that inject renewable natural gas into the gas pipeline or use the biogas to power vehicle fleets would benefit from the credit. "This tax credit will help a dairy farmer who makes biogas from cow manure and then uses it to heat the buildings and power the trucks that deliver the milk," Serfass said. "Without it, the farmer may not be able to make that investment," he continued. "Indeed, the ITC would also facilitate the conversion of food waste to biogas that can be injected into natural gas pipelines." ...