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Montana Creates Renewable Energy Revolving Loan Fund with Clean Air Fines

February 2002

Montana Governor Judy Martz signed Senate Bill 506 on May 5, 2001, establishing a revolving loan fund to promote development of alternative energy sources. The fund will be managed by the Department of Environmental Quality and will be supported by penalties from clean air violations in Montana. Eligible alternative energy sources include wind, solar, geothermal, fuel cells, biomass, hydroelectric, and solid waste methane systems up to one megawatt in size. The new law also provides a 35% investment tax credit for businesses manufacturing alternative energy generating equipment, using energy from alternative energy generating equipment, or installing net metering equipment for connecting alternative energy generation systems to the electrical grid.

View the full bill text.

See more Montana project descriptions published in Conservation Update.

Read recent Montana news stories about state involvement in renewable energy and energy efficiency projects published on the EERE Web site.

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