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Financial Opportunities

The Water Power Program focuses on technological development and deployment of innovative technologies capable of generating electricity from water. The program funds research and development activities through competitive solicitations.

In 2014, Congress appropriated funds for Hydroelectric Production Incentives under Section 242 of the Energy Policy Act of 2005. Qualified hydroelectric facilities–existing powered or non-powered dams and conduits that added a new turbine or other hydroelectric generating device–may receive up to 1.8 cents per kilowatt hour, indexed for inflation (approximately 2.3 cents per kilowatt hour today) with maximum payments of $750,000 per year for hydroelectric energy generated by the facility during the incentive period. The Energy Department has accepted, incorporated, and replied to comments on drafts of the final guidance that were released in July and October of 2014.

Having been announced in the Federal Register, the Energy Department is currently accepting applications for Section 242 of the Energy Policy Act of 2005 the "Hydroelectric Production Incentive Program." The application period will close on February 20, 2015. Please review the final guidance for detailed instructions on how to apply.

Energy Policy Act of 2005 Section 242 "Hydroelectric Incentive Program" 01/15/2015 02/20/2015
Laboratory and Open Water Testing of Marine and Hydrokinetic Systems Request for Information 01/14/2015 02/17/2015
Marine and Hydrokinetic Systems Performance Advancement II: Component Metric Validation Funding Opportunity Announcement  01/09/2015 03/26/2015
Advanced Research Projects Agency-Energy: OPEN 2015 Funding Opportunity Announcement 01/07/2015 TBD
Small Business Innovation Research and Small Business Technology Transfer Program Topics, FY 2015, Phase I (2 Water Power Program Topics) 11/24/2014 02/03/2015


For information on Energy Department-sponsored webinars on current Water Power Program Funding Opportunity Announcements, please see the Events page. 

For information on federal grants and tax incentives for the purchase and operation of water energy systems, please see the Related Opportunities page.

To explore previous funding opportunities, please visit the Past Opportunities page.