The Oregon Department of Energy’s Energy Incentive Program issued tax credits to Oregon businesses, public agencies, and nonprofits that invested in energy conservation or transportation projects. The Energy Incentive Program tax credits ended (sunset) at the end of the 2017 tax year, which was dependent on the applicants’ tax year.
While the program sunset in 2017 and is no longer accepting applications, reporting will continue until projects with multi-year tax credits/recertification’s are complete. This report covers July 1, 2015 through June 30, 2022. Withdrawn, Denied, Inactive, and Expired projects are excluded.
Notes: *The report shows tax credits issued & may differ from tax credits allowed due to rounding. * Commercial conservation projects with project costs under $20,000 were administered under the Small Premium Projects (SPP) program. For SPP projects, ODOE used predetermined tax credit amounts based on a project's anticipated energy savings, up to a maximum credit of $7,000 per project. The tax credit could not exceed 35 percent of the certified costs.
* Commercial, agricultural, and industrial conservation projects with project costs greater than $20,000 were administered through a competitive process.
* Tax credits offered through the transportation program could go to fleets for projects that replaced or modified two or more vehicles to use alternative fuels, or to projects that installed or constructed a facility for mixing, storing, compressing, or dispensing fuels for alternative fuel vehicles, including electric charging, compressed natural gas, and propane fueling stations.
For more information visit the Oregon Department of Energy website.
https://www.oregon.gov/energy/Incentives/Pages/default.aspx