Sen. Charles E. Schumer is making a push in Congress for a tax credit to spur the construction of biogas facilities in upstate New York, which could be used by manufacturers of dairy products to convert waste into renewable energy.
Called the Biogas Investment Tax Credit Act, the proposal would provide a tax credit equal to 30 percent of the cost of building a biogas processing plant, Mr. Schumer, D-N.Y., said Wednesday during a conference call with reporters. Those savings would be an incentive for dairy farmers and manufacturers of yogurt and cheese to invest in biogas processing plants, he said.
Such facilities would enable them to covert whey byproduct or manure into energy to offset on-site energy needs, or to sell back to the energy grid at a profit. [Read more…]