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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 dams and conduits that added a turbine or other hydroelectric generating device– may receive up to 1.8 cents per kilowatt hour (indexed for inflation) with maximum payments of $750,000 per year for hydroelectric energy generated by the facility during the incentive period.

The Energy Department is currently reviewing feedback on draft guidance for Section 242 of the Energy Policy Act of 2005 the "Hydroelectric Production Incentive Program." Following the posting of a Notice of Availability in the Federal Register, comments were collected from Tuesday, July 1, 2014 toThursday, July 17, 2014. The Energy Department anticipates that it will accept applications in September/October of 2014 for electricity production in calendar year 2013.

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

Renewable Energy and Efficient Energy Projects Loan Guarantees 7/03/14 10/01/14

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