Tax and Financing

Direct-pay incentives would help co-ops afford to invest in renewable energy.

NRECA will work to pass direct-pay incentives and RUS loan repricing bills for co-ops.

The bill also includes $10 billion for co-ops to voluntarily move from coal to renewables.

Georgia’s electric co-ops have grown their solar portfolio by 8,000% in the past six years.

NRECA asks Congress to enable co-ops to reprice RUS debt, receive direct-pay incentives.

Electric co-ops receive $14 million in federal REDLG funds to boost rural economies.

CIPCO has projected that more than 60% of its power will come from wind and solar by 2030.

A similar House bill also would provide direct-pay incentives to co-ops.

A bill to save co-ops billions will help jump-start the post-pandemic economy, leaders say.

Electric co-ops and public power utilities serve nearly 30% of all retail customers in the nation.