Montana Creates Renewable Energy Tax Incentives
Montana Governor Brian Schweitzer has signed House Bill 3, which will provide tax incentives for developing and transmitting clean and renewable energy. The governor authorized the bill on May 29, during a special session of the Montana legislature.
"This is a comprehensive approach to energy development in Montana," Schweitzer said. "We've covered all our bases here – generation, transmission, and carbon sequestration to name a few." He added, "This will spur economic growth all over Montana, create good paying jobs, and help our nation reduce its dependence on foreign sources of energy. It's a win-win all around."
The incentives encourage the development of new transmission lines; cellulosic ethanol and biodiesel plants; geothermal, solar, and wind projects; and carbon dioxide sequestration pipelines as well as liquid fuel pipelines, power plants, coal-to-liquid plants, and coal gasification plants.
A September 2006 poll of Montana voters indicated that residents place a high value on developing more reliable and affordable sources of energy. The poll, conducted by the Montana Conservation Voters Education Fund, surveyed 600 likely Montana voters. The findings showed that 77 percent of those polled favor clean and renewable energy.
More information about Montana incentives for renewable energy and energy efficiency is available on the Database of State Incentives for Renewables and Efficiency Web site.
To read more about renewable energy and energy efficiency projects in Montana, see:
- Montana news published on the EERE Web site.
- Brief project descriptions from the Montana Energy Office published in the EERE State Energy Program newsletter, Conservation Update.
- Montana publications listed in the EERE State Publications Database.