Sign Up For Novogradac Industry Alert Emails

BILL INTRODUCED TO INCREASE PTC FOR HYDROPOWER

Monday, March 28, 2011 - 7:00AM

Sen. Lisa Murkowski, R-Alaska, on March 17 introduced a bill to increase the amount of production tax credits (PTCs) that hydroelectric energy projects could receive. S. 631, the Hydropower Renewable Energy Development Act, would ensure that hydroelectric energy is treated as renewable energy, extend the PTC to hydroelectric facilities and provide a five-year accelerated depreciation period for equipment that produces electricity from marine renewables and hydropower. Sen. Mark Begich, D-Alaska, co-sponsored the bill, which was referred to the Committee on Finance.

Tune into next week’s Tax Credit Tuesday podcast to learn more about the bill and what it could mean for hydroelectric projects. The production tax credit will be one of many topics discussed at the Financing Renewable Energy Conference, April 28-29, in San Francisco, Calif. Questions about the PTC? Call Stephen Tracy, CPA, at 415-356-8000.

Learn more about Novogradac's expertise and many services