Energy Conservation Tax Credits - Competitively-Selected Projects (Personal) (Oregon)
This is the approved revision of this page, as well as being the most recent.
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Energy Conservation Tax Credits - Competitively-Selected Projects (Personal)|
|Incentive Type||Personal Tax Credit|
|Applicable Sector||Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Tribal Government, Agricultural, Institutional|
|Eligible Technologies||Water Heaters, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Compressed air, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Processing and Manufacturing Equipment, Agricultural Equipment, Comprehensive Measures/Whole Building, Custom/Others pending approval, Solar Water Heat, Solar Thermal Electric, Biomass, Geothermal Electric, Geothermal Heat Pumps, Yes; specific technologies not identified|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Amount||Varies by project|
|Equipment Requirements||First year energy savings must yield a simple payback period of greater than 3 years.|
|Maximum Incentive|| 35% of qualifying project costs|
The sum of all incentives, grants, credits, or other public funds may not exceed total project costs
|Program Budget||$28 million for biennium ending June 30, 2015|
|Program Administrator||Oregon Department of Energy|
The Oregon Department of Energy periodically releases Opportunity Announcements for tax credits for energy conservation projects. There are currently two open solicitations: Commercial, Agricultural, and Industrial Processes, open until December 29, 2014, with approximately $1.5 million in credits available; and Combined Heat and Power, open until January 30, 2015, also with approximately $1.5 million in credits available. The solicitation for Commercial Buildings closed November 14, 2014, and the application periods for Renewable Thermal and Cool Schools are also currently closed.
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 must intend to begin construction within 12 months of the award. The tax credit is claimed over five years, with 10% of the project costs claimed in the first two years and 5% claimed in the following three years. An applicant may claim the entire credit in the first year if the project costs are less than $20,000, or may request a credit of less than 35% in order to receive more points towards the competitive review criteria.
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
- Certain legal fees related to the development of the project
Interested parties must submit a preliminary certification application. Projects that are determined to meet all qualifications and deadlines will be reviewed as part of a competitive process. Preference is given to those projects that have the highest energy savings over the five-year credit allowance period per tax credit dollar. Other review criteria may include:
- The amount of energy saved over the equipment lifetime
- The project's expected lifespan compared to simple payback period
- The incentive structure and whether the energy savings benefit a party other than the owner
- Benefit-to-cost ratio over the lifetime of the project
- The project implementation plan
- The project financial plan
- Jobs created and sustained
- Local economic conditions of the site location
- Agreement to accept a reduction to the requested tax incentive
- Agreement to a voluntary measurement and verification plan
Projects that advance beyond the competitive process must undergo a technical review before receiving final certification. Check the program web site for Opportunity Announcements and associated application materials and requirements.
|Contact Name||Public Information Officer - ODOE|
|Department||Oregon Department of Energy|
|Address||625 Marion Street, N.E.|
|Phone 2||(800) 221-8035|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||H.B. 3672|
|Authority 2:||H.B. 4079|
|Authority 3:||OAR 330-210-0000 to 330-210-0150|
|Authority 4:||ORS § 469B|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.