House passes direct-pay incentives for Electric Co-ops
Providing direct-pay incentives to co-ops has been one of NRECA’s top legislative goals. The bill passed by Congress will provide direct federal payments to co-ops when they deploy new energy technologies, including carbon capture, nuclear, energy storage, renewables and more.
“Electric cooperatives are leading the charge to reliably meet America’s future energy needs amid an energy transition that increasingly depends on electricity to power the U.S. economy,” said NRECA CEO Jim Matheson.
“As co-ops continue to innovate, access to tax incentives and funding for investments in new energy technologies are crucial new tools that will help reduce costs and keep electricity affordable for consumers.”
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