Modernizing the licensing process and ensuring that hydro is properly valued in power and environmental markets just a few of NHA’s top priorities. Learn more about how NHA working to grow hydropower and create jobs through the following common-sense legislative and policy initiatives:
Today, hydropower developments face a comprehensive regulatory approval process that involves many participants including, the Federal Energy Regulatory Commission, federal and state resource agencies and NGOs. However, it can also contain redundancies and inefficiencies that unnecessarily slow the deployment of clean renewable hydropower and delay much-needed environmental enhancements and benefits.
Long-term extensions of the Production Tax Credit and Investment Tax Credit for hydro projects are needed to accommodate the longer regulatory and development lead time associated with these larger, capital intensive projects. The section 48C clean energy manufacturing tax credits and the Clean and Renewable Energy Bond (CREBs) program should also be extended, with additional funding provided for each.
Continued investment from the Department of Energy for all waterpower technologies (conventional hydropower, marine and hydrokinetic, and pumped storage) provides the necessary support for technological advancements in equipment and environmental mitigation that can be utilized by both the federal and non-federal hydropower system.