CleanWorld News

30% Tax Credit for Biogas Introduced

Posted at August 7, 2014

Screenshot 2014-08-07 16.19.42The American Biogas Council just released news from Washington today that “Senator Chuck Schumer (D‐NY) introduced the Biogas Investment Tax Credit Act of 2014 (S. 2739), …the tax credit would provide a 30 percent investment tax credit (ITC) for qualifying biogas technologies and add biogas to the list of renewable energy technologies that already receive a 30 percent federal investment tax credit.”

“To be able to recycle organic materials that today are mostly disposed of in a manner that contributes to global warming, we must build more biogas systems,” said Patrick Serfass, Executive Director of the American Biogas Council. “We thank Senator Schumer for sponsoring of the Biogas Investment Tax Credit Act which recognizes the full value that biogas systems can contribute as renewable energy generators—not just their role in producing renewable electricity.”

For the full press release from ABC, click on tis link.