Senators King and Collins introduce The Biomass Thermal Utilization Act of 2013

May 30, 2013 |

In Washington, Senator Angus S. King, Jr. introduced legislation, cosponsored by Senator Susan Collins that would recognize and promote the economic and environmental benefits of biomass thermal energy. The Biomass Thermal Utilization Act of 2013, or BTU Act, would amend the federal tax code to incentivize biomass energy, as it already does for several other forms of renewable energy. Currently, a host of renewable energy technologies qualify for investment tax credits for capital costs incurred in residential and commercial installations. This legislation seeks to achieve parity between those renewable systems and thermal biomass systems.  Senator King stated, “My legislation supports that effort by placing thermal biomass systems on a level playing field with other renewable energy technologies so that Mainers and Americans can better access a more affordable, sustainable, and environmentally-friendly source of energy.”

Print Friendly, PDF & Email

Tags: , ,

Category: Policy

Thank you for visting the Digest.