A Big Week for Biomass Thermal, Biogas
There were two particular industry news items that really stood out to me this week in the biomass thermal and biogas sectors.
The first is a bill proposed by Sen. Angus King, I-Maine, which would provide incentives to install residential, commercial and industrial biomass heating systems by modifying renewable energy provisions of the current tax code.
The BTU Act alters Section 25 D of the Internal Revenue Code to provide a 30 percent investment tax credit to qualifying residential heating systems, as it already does to many other renewable energy technologies, and changes Section 48 to provide a tiered tax credit for the installed cost of biomass-fueled heating or cooling systems for commercial or industrial applications.
Read a little more on the bill here.
This legislation is something our friends at the Biomass Thermal Energy Council have been working hard at—check out BTEC Executive Director Joseph Seymour’s column, “Recommendations for Pro-Growth Tax Reform,” in the May issue of Biomass Magazine—and I’d like to congratulate them.
Let’s get this bill passed.
Moving on to biogas, the U.S. EPA has released a notice of proposed rulemaking that would allow renewable diesel, renewable naphtha, and renewable electricity—used in electric vehicles—produced from landfill gas to generate cellulosic or advanced biofuel renewable identification numbers (RINs). It would also allow renewable compressed natural gas and liquefied natural gas produced from landfill biogas to generate cellulosic RINs.
What could this mean as far as growth of the landfill gas-to-energy industry goes? Those with big stakes in the industry tell me the changes run really deep, so they’re still working on making sure they interpret the proposal accurately.
EPA is requesting comment on the proposed rulemaking, so make sure you get your two cents in.
Though both of the news items I mentioned above are still in the “proposed” stages, they could have a very meaningful impact on both sectors.
On that note, I hope you all have an enjoyable and safe Memorial Day weekend.