Clean Energy and Power

Section 243 Hydroelectric Efficiency Improvement Incentives (Sec 40332)

Agency NameDepartment of Energy
Funding Amount$75,000,000.00
Bureau Name Energy Efficiency and Renewable Energy
Funding Mechanism Incentive payment
New? Yes
Funding Mechanism Incentive payment

Funding Amount Notes

Period of Availability Available until expended
Recipients Owners or operators of hydroelectric facilities at existing dams
Program Description To incentivize upgrades to hydroelectric facilities to increase their efficiency.
Eligible Uses Capital improvements to hydroelectric facilities at existing dams to improve the efficiency of such facilities by at least 3 percent. Maximum percentage of Federal funds going to the capital improvement is 30 percent with a total cap of $5 million per facility.
Statutory Location 40332
Federal Cost Share Requirement Not applicable