Hydropower Incentive Offered; Application Deadline July 13

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Hydropower Incentive Offered; Application Deadline July 13

May 13, 2020

The federal Water Power Technologies Office is now accepting applications for $7 million in the latest round of funding under section 242 of Energy Policy Act of 2005 (EPACT). EPACT supports development of renewable energy systems and advancements in energy conservation and energy-efficient technologies. Qualified facilities under the new round of funding will be selected based on the number of kilowatt hours (kWh) generated in calendar year 2019 (CY19).

Tens of thousands of dams across the country don’t produce power. Using existing dam infrastructure can also lower construction costs and reduce permitting time—meaning hydropower is added to the grid at faster rates.

Applicants may receive up to 2.3 cents per kWh for hydropower generated during the CY19 incentive period, with a limit of $750,000 or less depending on the total kWh of eligible power generation.

By making use of existing structures, hydropower owners and operators can introduce new electricity onto the grid with minimal impact to the surrounding environment.

For more information and guidance on the newest round of funding for FY2019, click here. Applications are due July 13.