Business Energy Tax Credit

Business Energy Tax Credit

State: Oregon

  • Incentive Type: Corporate Tax Credit
  • Eligible Efficiency Technologies: Lighting, Heat recovery, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Comprehensive Measures/Whole Building
  • Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Geothermal Heat Pumps, CHP/Cogeneration, Hydrogen, Industrial Waste, Ethanol, Methanol, Biodiesel, Fuel Cells using Renewable Fuels
  • Applicable Sectors: Commercial, Industrial, Construction, Multi-Family Residential, Agricultural, Equipment manufacturers
  • Amount: Renewable energy generation, renewable energy equipment manufacturing, high efficiency combined heat and power: 50% of certified project costs, distributed over five years (10% per year)
  • Wind projects over 10 MW: 50% of certified project costs, though only 5% of total project costs are included in certified costs
  • All other projects: 35% of certified project costs, distributed over five years (10% in the first and second years, 5% each year thereafter)
  • Maximum Incentive: $20 million for renewable energy equipment manufacturing facilities;
  • For wind projects over 10 MW: $3.5 million when preliminary certification is issued from 1/1/2010 to 12/31/2010, $2.5 million when preliminary certification is issued from 1/1/2011 to 12/31/2011, $1.5 million when preliminary certification is issued on or after 1/1/2012; and
  • $10 million for other renewable energy generation projects.
  • Eligible System Size: Not specified
  • Equipment Requirements: System must be new and in compliance with all applicable performance and safety standards; must pass preliminary and final certification of the ODOE review process. “Sustainable Buildings” must achieve LEED Silver Certification in addition to other ODOE requirements.
  • Carryover Provisions: Excess credit may be carried forward eight years; those with eligible project costs of $20,000 or less may take credit in one year.
  • Program Expiration Date: 7/1/2012
  • Web Site: http://egov.oregon.gov/ENERGY/CONS/BUS/BETC.shtml

Contact:

Public Information
Oregon Department of Revenue
955 Center St NE
Salem, OR 97301-2555
Phone: (503) 378-4988
Phone 2: (800) 356-4222
Fax: (503) 945-8738
Web Site: http://www.oregon.gov/DOR/

Matt Hale
Oregon Department of Energy
625 Marion Street, N.E.
Salem, OR 97301-3737
Phone: (503) 378-4040
Fax: (503) 373-7806
E-Mail: Matt.Hale@state.or.us
Web Site: http://www.oregon.gov/energy