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| Business Energy Tax Credit | |
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| Eligible States | OR |
| Type | Tax Credit |
| Area of Interest | Renewable Energy |
| Description | The Oregon Office of Energy offers a tax credit for investment in renewable energy resources (including biomass) and energy conservation to all businesses taxed in Oregon. The tax credit is 50 percent of the eligible project cost, which includes all costs directly related to the project, such as: equipment; engineering and design; materials; supplies; and loan, permit, and installation costs. Replacement equipment may not be claimed. The credit may be taken over five years, at 10 percent each year. Unused credit can be carried forward up to eight years. Those with eligible project costs under $20,000 may take the entire tax credit in one year. Energy produced may be sold or used on site. A “pass-through” option enables project owners to transfer the tax credit to a pass-through partner in return for a cash payment upon completion of the project. Nonprofits, tribes, schools, and others without tax liability are eligible under this option. |
| Eligible Organizations | Livestock Producer, Commercial/Industrial Business, Educational Institution, Nonprofit, Small Business |
| How to Apply | Interested parties should send the application forms and the processing fee payment to the Office of Energy. Applications must be approved before projects begin. However, waivers may be granted under certain circumstances if the application is delayed. Work on the project must begin within three years of approval. |
| For More Information | http://egov.oregon.gov/ENERGY/CONS/BUS/BETC.shtml  |
| Primary Contact | Suzanne Dillard Oregon Department of Energy 625 Marion Street NE Salem, OR 97301-3737 (503) 373-7806 Suzane.C.Dillard@state.or.us |
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