Last Tuesday, April 26, 2016, the Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy announced it is now accepting applications for Hydroelectric Production Incentives for hydroelectricity generated and sold during the 2015 calendar year. The program, established through the 2005 Energy Policy Act, provides for incentive payments of up to 2.3 cents per kilowatt hour, with maximum payments of $750,000 per year, for owners and operators of projects that produced hydroelectric power in 2015 from new equipment added to an existing dam or conduit constructed before 2005. DOE has also published guidance for applicants seeking to participate in the incentive program, which includes information on eligibility and application contents. Owners and operators of qualified hydroelectric facilities seeking to participate in the incentive program have until midnight May 31, 2016, to file applications.
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