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Tax Credits for Hydropower Upgrades and River Restoration

This act introduces new tax credits for companies upgrading existing hydroelectric facilities. The goal is to boost clean energy production, enhance grid reliability, and protect rivers and wildlife habitats. Citizens may benefit from more stable energy supplies and a healthier environment.
Key points
Businesses can receive a 30% tax credit for investments in hydropower improvements, such as enhancing fish passage, water quality, dam safety, or public access to waterways.
The law supports the removal of obsolete river obstructions and the development of small, remote hydroelectric dams, benefiting environmental protection and local communities.
These changes are set to apply to property placed in service after December 31, 2025, with long-term benefits for energy and the environment.
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Status: Introduced
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Additional Information
Print number: 119_S_1183
Sponsor: Sen. Cantwell, Maria [D-WA]
Process start date: 2025-03-27