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New law lowers renewables costs for rural electric co-ops

August 21, 2022 /

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The path to green energy has gotten easier for rural electric cooperatives, Montana’s included, under new energy and taxation changes signed into law Tuesday.

Community-owned and tax-exempt, cooperatives have for years been on the outside looking in as for-profit utilities used federal tax credits to lower the cost of renewable energy projects. As nonprofits, rural electric cooperatives didn’t have taxes to apply a credit to, but the new law creates a lane for co-ops, which provide electricity to roughly 40% of Montanans to diversify energy production.

Tom Lutey


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