Energy Incentives

Various energy incentives are available for hydropower plants. These can be production tax credits, stimulus funding and clean renewable energy bonds.

Energy Incentives
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Latest Energy Incentives News

UPDATE - Congress runs out clock on production tax credit extension

09/30/2008 As production tax credits for some hydropower and other renewable energy sources moved closer to expiration at year-end, leaders said Congress might run out of time to reconcile competing House and Senate tax credit extension bills before the Election Day recess.

House passes production tax credit extension; fate uncertain

09/26/2008 The House passed a tax measure Sept. 26 that would extend expiring production tax credits for renewable energy, including hydropower, and expand the incentives to include ocean and hydrokinetic technologies. However, the measure faced an uncertain future.

Senate endorses production tax credit extension for hydropower

09/23/2008 The Senate endorsed energy tax language Sept. 23 that would extend expiring production tax credits for renewable energy, including hydropower, and would expand the incentives to ocean, wave, and tidal technologies.

FERC certifies Georgia, West Virginia projects for production tax credits

09/18/2008 The Federal Energy Regulatory Commission has certified incremental generation at hydropower projects in Georgia and West Virginia, to be eligible for renewable energy production tax credits.

FERC certifies production tax credit for 39.35-MW Rumford Falls

07/08/2008 The Federal Energy Regulatory Commission has certified incremental generation at the 39.35-MW Rumford Falls hydroelectric project in Maine to be eligible for renewable energy production tax credits.

FERC certifies tax credit for 312.33-MW Pit 3, 4, 5

06/10/2008 The Federal Energy Regulatory Commission has certified incremental generation at Pacific Gas &Electric Co.'s 312.33-MW Pit 3, 4, and 5 hydro project for renewable energy production tax credits.

Senate fails to advance production tax credits for hydro

06/10/2008 The Senate failed June 10 to muster sufficient votes to advance a House-passed bill that would extend expiring production tax credits for renewable energy, including hydropower, and authorize another $2 billion for Clean Renewable Energy Bonds.

UPDATE - House passes production tax credits for hydro

05/21/2008 The House passed a bill May 21 that would extend expiring production tax credits for renewable energy, including hydropower, and authorize another $2 billion for Clean Renewable Energy Bonds.

House panel advances production tax credits for hydro

05/15/2008 The House Ways and Means Committee endorsed a bill May 15 that would extend expiring production tax credits for renewable energy, including hydropower, and authorize another $2 billion for the Clean Renewable Energy Bonds program.

UPDATE - Senate advances production tax credit extension

04/10/2008 The Senate endorsed a one-year extension of expiring production tax credits for renewable energy, including hydropower, by attaching the language April 10 to a bill to address the home mortgage market crisis.

FERC certifies production tax credit for 19.2-MW Mattaceunk

03/27/2008 The Federal Energy Regulatory Commission has certified incremental generation at the 19.2-MW Mattaceunk hydroelectric project in Maine to be eligible for federal renewable energy production tax credits.

FERC certifies production tax credit for 2,164-MW Bath County

02/22/2008 The Federal Energy Regulatory Commission has certified incremental generation at the 2,164-MW Bath County pumped-storage project in Virginia to be eligible for federal renewable energy production tax credits.

UPDATE - Senate panel adds energy tax credit, clean bonds to stimulus

01/31/2008 In markup of a House-passed economic stimulus bill, the Senate Finance Committee Jan. 30 added language to extend expiring production tax credits for renewable energy projects, including some hydropower, as well as Clean Renewable Energy Bonds for such projects.

FERC certifies production tax credit for 2.7-MW Birch Creek

01/10/2008 The Federal Energy Regulatory Commission has certified incremental generation at the 2.7-MW Birch Creek project in Idaho to be eligible for renewable energy production tax credits.

FERC certifies 188.25-MW Kerr, 1.8-MW Phoenix for production tax credits

12/21/2007 The Federal Energy Regulatory Commission has certified incremental hydropower generation at the 188.25-MW Kerr and 1.8-MW Phoenix hydroelectric projects as eligible for renewable energy production tax credits.

FERC certifies production tax credit for 452-MW Seneca Pumped- Storage

10/22/2007 The Federal Energy Regulatory Commission has certified incremental generation at the 451.8-MW Seneca Pumped-Storage project to be eligible for renewable energy production tax credits.

FERC certifies production tax credit for 149-MW Balch 1 and 2

10/08/2007 The Federal Energy Regulatory Commission has certified incremental generation at the 148.776-MW Balch 1 and 2 hydroelectric project in California to be eligible for renewable energy production tax credits.

New trash rake prompts tax credit for Indiana's 81-MW Markland

08/13/2007 Installation of an automatic trash rake system at the 81-MW Markland hydro project is to reduce head losses and increase generation enough to convince the Federal Energy Regulatory Commission to certify the incremental generation as eligible for renewable energy production tax credits.

FERC certifies 18-MW Ninety-nine Islands for tax credit

06/05/2007 The Federal Energy Regulatory Commission has certified incremental generation at the 18-MW Ninety-nine Islands hydroelectric project in South Carolina to be eligible for renewable energy production tax credits.

UPDATE - FERC certifies three projects for production tax credits

03/20/2007 The Federal Energy Regulatory Commission has certified improvements to the 512-MW Conowingo hydroelectric project in Maryland and Pennsylvania, the 742-MW Clark Fork project in Idaho and Montana, and the 2.4-MW Vergennes No. 9 project in Vermont for renewable energy production tax credits.

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