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Tax Credits for Hydropower Upgrades and River Restoration

This act introduces tax credits for companies upgrading existing hydroelectric dams. The goal is to boost clean energy production, enhance grid reliability, and improve river health and wildlife habitats. Citizens may benefit from more stable energy supply and a healthier natural environment.
Key points
Companies upgrading hydroelectric facilities can receive a 30% tax credit on investment costs.
Support covers improvements like adding fish passages, improving water quality, removing obsolete dams, and enhancing dam safety.
The act aims to increase renewable energy output and protect river ecosystems.
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Expired
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Additional Information
Print number: 118_HR_6653
Sponsor: Rep. Smith, Adrian [R-NE-3]
Process start date: 2023-12-07