RNG Tax Credit Impacts Spill Into New Year; Plus News From Waga, Clean Energy Fuels
The biogas industry kept busy to close out the end of 2024. The U.S. Treasury released final credit guidance for Section 48 Investment Tax Credits, which provided a tax discount for projects that refined biogas into renewable natural gas and began construction last year.
If past is prologue, new tax credit language could continue to prove enticing for project developers in the coming year. Congress is slated to pass a major tax package for the first time since 2017, and experts say the RNG industry may advocate to extend or make certain credits like Section 48 permanent, locking in a more favorable business environment for new projects.