Monday,
May 8
May 8
DOE Hydroelectric Production Incentives
The Department of Energy is due to receive applications from owners and authorized operators of qualified hydroelectric facilities to receive incentives for hydroelectricity generated and sold in calendar years 2021 and 2022. Incentive payments are a benefit available for electric energy generated and sold for a specified 10-year period as authorized under the Energy Policy Act of 2005. The 2021 Infrastructure Investment and Jobs Act provided $125 million to support this incentive. The program has distributed over $51 million since 2014, with $13.5 million being distributed to 55 hydroelectric facilities in 2022.