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Step 1
Rub tops and sides of salmon fillets with chili powder, 1/4 teaspoon salt and 1/8 teaspoon ground black pepper. Spray Instant Pot cooking rack with nonstick spray and place salmon fillets on rack.
Step 2
Place potatoes, water, 1 tablespoon butter and remaining 1/4 teaspoon salt and 1/8 teaspoon pepper in bowl of 6-quart Instant Pot. Place rack with salmon over potatoes. Secure lid and set Pressure Release to Sealing. Select Pressure Cook or Manual Setting and set cooking time for 3 minutes at high pressure (pot will take about 10 minutes to come to pressure before cooking time begins).
Step 3
When cooking time ends, move Pressure Release to Venting to release steam.
Step 4
Carefully remove rack with salmon and set aside. Add half and half and remaining 1 tablespoon butter to Instant Pot and select Sauté setting. Use potato masher to mash potatoes until smooth and creamy.
Step 5
Divide mashed potatoes and salmon between two plates and sprinkle with parsley. Serve with lemon wedges.