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Oregon Department of Energy
Business Energy Tax Credits (BETC)
Background
Oregon's Business Energy Tax Credit (BETC) is for investments in energy conservation, recycling, renewable energy resources, sustainable buildings, and less-polluting transportation fuels. Any Oregon business may qualify, including but not limited to, manufacturing plants, stores, offices, apartment buildings, farms, and transportation. The tax credit can cover costs directly related to the project, including equipment cost, engineering and design fees, materials, supplies and installation costs. Loan fees and permit costs also may be claimed. However, replacing equipment at the end of its useful life or equipment required to meet codes or other government regulations are not eligible. Maintenance costs
are also not eligible.
Under the pass-through option, a project owner may transfer a tax credit to a pass-through partner in return for a lump-sum cash payment (the net present value of the tax credit) upon completion of the project. The Pass-through Option allows non-profit organizations, schools, governmental agencies, tribes, other public entities and businesses with and without tax liability to use the Business Energy Tax Credit by transferring their tax credit for an eligible project to a partner with a tax liability.
Projects that use solar, wind, hydro, geothermal, biomass, or fuel cells (renewable fuels only) to produce energy, displace energy, or reclaim energy from waste may qualify for a tax credit. Renewable resource projects must replace at least 10% of the electricity, gas or oil used. The energy can be used on site or sold.
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Incentive Type: Corporate Tax Credit
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Eligible Efficiency Technologies: Lighting, Heat recovery, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Comprehensive Measures/Whole Building
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Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Renewable Transportation Fuels, Geothermal Electric, Geothermal Heat Pumps, CHP/Cogeneration, Hydrogen, Industrial Waste, Refueling Stations, Ethanol, Methanol, Biodiesel, Fuel Cells using Renewable Fuels
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Applicable Sectors: Commercial, Industrial, Construction, Multi-Family Residential, Schools, Equipment manufacturers
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Amount: 50% of eligible project costs, distributed over five years (10% per year)
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Maximum Incentive: $20 million for renewable energy equipment manufacturing facilities. $10 million for other projects
Case Study:
Hillsboro School District (click here for PDF)
Hermiston School District (click here for PDF)
For applications and instructions, (click here)
Contact Information:
Oregon Department of Energy
625 Marion Street NE
Salem, Oregon 97301
(503) 378-4040
http://www.oregon.gov/ENERGY/CONS/BUS/BETC.shtml
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