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Tax Incentives for Nuclear Development

MCLI Recommendation: “Congress should consider investment tax credits to provide an incentive for current nuclear operators to invest in both power uprates and second license renewal.”

LPDD Recommendation: “Congress should consider production tax credits for nuclear generation to prevent early retirements by “topping off” economic returns for nuclear generators.”

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6 resources

Example States and State Governments

Utah House Bill 430

In 2009, Utah enacted House Bill 430 to provide incentives to develop renewable energy projects that include nuclear generation facilities.
Resource States and State Governments

Report, State Legislation and Regulations Supporting Nuclear Energy

This 2022 report offers a 50-state survey of state activity supporting the development of nuclear energy, highlighting trends in zero-emission credit programs, clean energy standards, carbon pricing m...
Resource Congress

Proposed Nuclear Powers America Act of 2019

The proposed Nuclear Powers America Act of 2019 would establish a 30 percent tax credit for refueling costs and qualified nuclear power plant capital expenditures each year through 2023. After that, i...
Resource States and State Governments

Report, Policy Options for States to Support New Nuclear Energy

This document identifies policy tools already in use or being considered by state decisionmakers to achieve energy, environmental, climate, job creation and energy security goals by supporting the dep...
Resource Congress

Report, Examination of Federal Financial Assistance in the Renewable Energy Market

A 2018 DOE report, Examination of Federal Financial Assistance in the Renewable Energy Market, projected that if the similar types of federal tax incentives and mandates as those received by renewable...
Example Congress

2005 Energy Policy Act PTC for Nuclear

The 2005 Energy Policy Act established a production tax credit (PTC) of 1.8 cents per kilowatt-hour of electricity produced during the first eight years of operation by advanced nuclear power faciliti...