Bill to Help Farmers Invest in Biogas Energy
USAgNet - 07/15/2019
Farmers and rural electric cooperatives that invest in biogas technology could receive special tax incentives under a bill being co-sponsored by Rep. Ron Kind. The Agricultural Environmental Stewardship Act aims to help incentivize investment in digester and
nutrient recovery technologies on dairy farms by assisting farmers in addressing environmental challenges such as nutrient run-off and farm odors while creating marketable commodities.
"By providing these tax incentives, we are making it more affordable and accessible for Wisconsin dairy farmers to pursue biogas technology and ensuring they can continue to create jobs and grow their businesses, while protecting our natural resources," Kind
said. "It's just commonsense."
New York Rep. Tom Reed is the other co-sponsor of the measure. He says dairy producers must find a cost-effective way to use processes that are environmentally friendly.
"This tax credit will make these new technologies more affordable and the use of such methods will benefit our communities," Reed noted.
Specifically, the legislation promotes investment by allowing biodigesters to qualify for an energy tax credit that is on-par with the 30-percent tax credit for solar energy. This will allow for Wisconsin dairy farms to have affordable access installation of
biodigesters on their farms.