On March 14, 2024, the Grid Deployment Office announced the opening of the 2024 application period for the Hydroelectric Production Incentive which supports the modernization and expansion of hydroelectric power throughout America through the Hydroelectric Incentives Program. The Hydroelectric Incentives Program is focused on maintaining and enhancing hydroelectric facilities to ensure generators continue to provide clean power, while improving dam safety and reducing environmental impacts. Today's announcement opens the calendar year 2023 application period for the Hydroelectric Production Incentives.
Hydroelectric Production Incentive applications for electricity generated and sold in calendar year 2023 are due by 5 p.m. ET on April 23, 2024.