Offers a 30% tax credit for upgrades to existing hydroelectric dams, boosting clean energy and river health.
This bill would create a new tax credit for owners of existing hydroelectric dams. It would cover 30 percent of the cost for upgrades that improve clean energy production, dam safety, and river health. This aims to make the electric grid more reliable and protect fish and wildlife habitats.
Currently, there is no specific federal tax credit for upgrading existing hydroelectric dams. This bill would create a new tax credit equal to 30 percent of the cost for approved dam improvements. This would make it easier for dam owners to invest in clean energy production, safety, and environmental health. These changes would apply to property placed in service after December 31, 2022.
HR 2160 · 119th Congress · March 14, 2025 · AI Summary by gemini-2.5-flash · 10/10
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7 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.