The Oregon Department of Energy periodically releases Opportunity Announcements for tax credits for energy conservation projects. There is currently $2 million available in tax credits for conservation projects on a first-come, first-served basis. The maximum tax credit per project is $7,000. Projects must submit completed applications by June 30, 2017, with the form available on the program website listed above.
The Energy Conservation Tax Credits program is set to sunset at the end of the 2017 tax year.
Energy conservation projects include projects with investments for which the first year energy savings yields a simple payback period of greater than three years. Projects with a total cost of less than $20,000 may qualify for the Small Premium Projects program; larger projects can apply for the Competitively-Selected Projects program. Tax incentive amounts vary with each Opportunity Announcement, but may not exceed 35% of project costs. Possible types of technologies may include:
Qualifying project costs include: project components; fees to design or engineer the project; title searches, escrow fees, permits, licenses; materials and supplies needed for erection, construction, installation and acquisition of the project; work performed by employees or contractors that meet certain requirements; and certain legal fees related to the development of the project.
Eligible applicants must be a trade, business or rental property owner with a business site in Oregon, or be an Oregon non-profit, tribe, or public entity that partners with an Oregon business or resident. Applicants must also own or be the contract buyer of the project and use the equipment or lease it to another Oregon business or resident. Check the program website for information regarding current solicitations, requirements, and application materials.
Under the Energy Incentives Program, tax credits may be transferred to a pass-through entity. More information and rules for pass through tax credits are available on the website.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Oregon |
| Incentive Type: | Corporate Tax Credit |
| Web Site: | http://www.oregon.gov/energy/BUSINESS/Incentives/Pages/EIP-SPP.aspx |
| Administrator: | Oregon Department of Energy |
| Start Date: | 2011 |
| Eligible Renewable/Other Technologies: |
|
| Incentive Amount: | Varies by solicitation and technology sector |
| Maximum Incentive: |
$7,000 per project The sum of all incentives, grants, credits, or other public funds may not exceed total project costs |
| Eligible System Size: | Projects must cost less than $20,000 |
| Equipment Requirements: | Varies by technology. See program website. |
| Technologies: | Solar Water Heat, Water Heaters, Lighting, Heat pumps, Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Agricultural Equipment, Comprehensive Measures/Whole Building, Other EE, LED Lighting |
| Sectors: | Commercial, Industrial, Local Government, Nonprofit, Schools, State Government, Federal Government, Tribal Government, Agricultural, Institutional |
| Parameters: | The incentive has a minimum of 35.00 %, The incentive has a minimum of $7000.00 |
| Name: | Oregon Laws 2011 Chapter 730 |
| Date Enacted: | 8/5/2011 |
| Effective Date: | 9/29/2011 |
| Name: | Oregon Laws 2012 Chapter 45 |
| Date Enacted: | 3/16/2012 |
| Effective Date: | 6/4/2012 |
| Name: | OAR 330-210-0000 to 330-210-0150 |
| Name: | ORS §469B |
| Name: | Public Information Officer - ODOE |
| Organization: | Oregon Department of Energy |
| Address: |
550 Capitol St. NE, 1st Floor Salem OR 97301 |
| Phone: | (503) 378-4040 |
| Email: | askenergy@oregon.gov |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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