5.4.4 Tax Incentives for Nuclear Development

LPDD 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.”

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 facilities.

Utah House Bill 430

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