Homeland Infrastructure Power Security and Assurance Incentives Act of 2005 - Authorizes the Secretary of Energy to establish an Advanced Power System Technology Incentive Program of incentive payments to eligible owners or operators to: (1) support deployment of new advanced power system technologies such as fuel cells, turbines, hybrid, and storage system power technologies; and (2) improve and protect certain critical governmental, industrial, and commercial processes.
Requires such funding to be used to increase power generation through enhanced operational, economic, and environmental performance.