S 1183

This bill, the Maintaining and Enhancing Hydroelectricity and River Restoration Act of 2025, creates a 30% tax credit for upgrades to existing hydroelectric dams. These improvements, which could include fish passage enhancements, dam safety upgrades, or removing obsolete river obstructions, must receive approval from the Federal Energy Regulatory Commission or state officials by January 1, 2035. The bill also allows certain entities to ‘pay’ the credit against their taxes and transfer it to other parties, and includes provisions for remote dams and progress expenditure rules.