NRECA Urges Congress to Give Coops Direct-Pay Incentives for Clean Energy
Posted on May 24, 2021 in Climate Change, Legislative & Politics, Renewable Energy | Comments Off on NRECA Urges Congress to Give Coops Direct-Pay Incentives for Clean Energy
The National Rural Electric Cooperative Association (NRECA) is urging congressional leaders to provide electric cooperatives with direct payments to develop clean energy projects, which would give coops incentives comparable to the tax breaks granted to investor-owned utilities. For-profit utilities have long received federal tax breaks for providing power from solar, wind and other renewable energy sources, but not-for-profit coops and public power utilities have not been able to tap into those programs because they are exempt from federal income taxes.
