House Reconciliation Bill Includes Provisions to Assist Coops in Energy Transition
The recently passed House budget reconciliation bill includes two provisions that will directly assist electric cooperatives, including Direct Pay Energy Innovation Tax Credits, which provides the equivalent of a federal tax incentive for renewable investments via direct payments, and the USDA Voluntary Energy Transition Program, which provides $10 billion to defray the cost of voluntary coal retirements or renewable investments, which may be used by electric coops.