By Sabina Dhungana, DNR Forest Products Specialist, Madison
Were you shocked by your mill or plant’s power bill recently? Then 2021 might be a good year to consider adding a wood-fired combined heat and power (CHP) system or upgrading your existing biomass-fueled boiler system to add power generation capability.
Operators and managers of mills or other forest industry plants looking to reduce energy costs may qualify for the 30% energy tax credit included in the 2021 Federal Omnibus spending bill. Organizations may also be eligible by upgrading an existing biomass-fueled boiler system to add power generation capability. Biomass energy systems with more than 150 kW of electricity generation capacity may be eligible for the tax credit. To qualify for the energy tax credit, construction must start before Jan. 1, 2022.
Continue reading “Federal Tax Credits Extended For Business-Scale Biomass Combined Heat and Power Systems”
Recordings of these webinars are available. These recordings expand on each topic, filling in some details about the industry.