Local Option - Rural Renewable Energy Development Zones (Oregon)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Oregon

Name Local Option - Rural Renewable Energy Development Zones
Incentive Type Property Tax Incentive
Applicable Sector Commercial
Eligible Technologies Photovoltaics, Wind, Biomass, Geothermal Electric, Small Hydroelectric, Wave Energy, Renewable Fuels, Ethanol, Biodiesel
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 3-5 year exemption from local property taxes















Maximum Incentive The total amount of property among one or more projects that can qualify is subject to a locally-set cap, but is not to exceed 250 million










Program Administrator The Oregon Business Development Commission
Website http://www.oregon4biz.com/Oregon-Business/Tax-Incentives/Renewable-Energy/Zones/
Date added to DSIRE 2013-06-10
Last DSIRE Review 2014-11-06



References DSIRE[1]


Summary

Cities, counties, or several contiguous counties in Oregon can set up Rural Renewable Energy Development Zones. The zone can only cover territory outside of the urban growth boundary of any large city or metropolitan area. Businesses must meet certain employment and/or investment requirements to be eligible.


Commercial renewable energy property in these zones are eligible for a 3 to 5 year local property tax exemption. Eligible property includes either wind, geothermal, solar, biomass, or other unconventional forms of electricity generation, or systems that produce, distribute or store biofuels. Each zone sets a local cap for the total value of property that can qualify for the abatement, up to $250 million. Interested businesses must apply for authorization before construction or installation begins.


Depending on the zone, businesses may also be eligible for other local property tax incentives. For a current list of designated zones, see the program website listed above.


Incentive Contact

Contact Name Business Oregon
Department The Oregon Business Development Commission

Address 775 Summer St. NE, Suite 200

Place Salem, Oregon
Zip/Postal Code 97301-1280
Phone (866) 467-3466
Phone 2 (503) 986-0123



     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: ORS § 285C




Authority 2: OAR 123-680
Date Effective 2010-06-14



















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"