IRS Eases Obstacles for Biogas to Benefit From Tax Credit

New rules for the energy investment tax credit will make it easier for renewable natural gas projects in the early stages of development to make it to the finish line, despite being finalized weeks before the credit expires.

Renewable natural gas and biogas developers have faced uncertainty since the Section 48 investment tax credit rules were proposed more than a year ago. The proposal included ownership requirements that made it difficult for many renewable natural gas projects to qualify. The changes in the final rules are a boon for the industry that will allow for more sales of investment tax ...