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Tax Credits for Hydropower Upgrades and River Restoration

This act introduces new tax credits for companies upgrading existing hydroelectric dams. The goal is to boost clean energy production, enhance grid reliability, and protect rivers and wildlife habitats. This means citizens can expect more stable electricity supply and a healthier natural environment.
Key points
Companies upgrading hydroelectric facilities can receive a 30% tax credit on investment costs.
The credit covers improvements like fish passage, water quality, dam safety, and public access to waterways.
Support also extends to removing obsolete river obstructions and building small, remote dams for isolated communities.
These changes aim to increase clean energy production and improve river health, benefiting the environment and electricity supply stability.
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Status: Introduced
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Additional Information
Print number: 119_HR_2160
Sponsor: Rep. Smith, Adrian [R-NE-3]
Process start date: 2025-03-14