Residential Energy Tax Credit

Residential Energy Tax Credit;
State: Oregon

  • Incentive Type: Personal Tax Credit
  • Eligible Efficiency Technologies: Clothes Washers, Dishwasher, Refrigerators, Water Heaters, Furnaces , Boilers, Heat pumps, Central Air conditioners, Heat recovery, Duct/Air sealing
  • Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Fuel Cells, Geothermal Heat Pumps
  • Applicable Sectors: Residential
  • Amount: PV and Fuel Cells: $3.00/W-DC
  • Wind Electric Systems: $2/kWh produced in first year
  • Spa/pool heating: $0.15/kWh saved
  • Residential Appliances, HVAC, Water Heating: $0.40/kWh saved, with a maximum of 25% of net purchase price
  • Premium Efficiency Biomass Combustion Device: $0.40/kWh saved in first year, $300 or 25% of the cost, whichever is less
  • All other renewable technologies: $0.60/kWh saved during the first year.
  • Maximum Incentive: Energy efficient appliances, heating and cooling systems: $1,000 per calendar year
  • Premium Efficiency Biomass Combustion Device: $300 or 25%, whichever is less
  • For all others (excluding PV, Fuel Cells and Wind Turbines): $1,500, up to 50% of installed cost
  • PV, Fuel Cells and Wind Turbines: $6,000 ($1,500 per year for 4 years), up to 50% of net cost.
  • Equipment Requirements: Must carry manufacturer’s warranty; must comply with general and specific standards in OAR 330, Division 70.
  • Installation Requirements: Must obtain certification from Oregon Dept. of Energy prior to installation or be installed by contractor certified by the Department.
  • Carryover Provisions: Excess credit may be carried forward five years following the first tax year for which any credit was allowed (must be taken over no more than 6 years altogether).
  • Program Start Date: 1/1/2006
  • Program Expiration Date: 12/31/2015
  • Web Site: http://egov.oregon.gov/ENERGY/CONS/RES/RETC.shtml

Contact:

Jim Denno
Oregon Department of Energy
625 Marion Street, N.E.
Salem, OR 97301-3737
Phone: (503) 378-2856
Fax: (503) 373-7806
E-Mail: james.denno@odoe.state.or.us
Web Site: http://www.oregon.gov/energy