Oregon's departments of Energy and Revenue have scheduled two opportunities for purchasing tax credits through auctions this fall. The auctions will be held:
- September 8-17: Renewable Energy Development – This sale will provide funds for grants to Oregon businesses, non-profits and government entities interested in pursuing renewable energy projects.
- October 13-22: Alternative Fuel Vehicle – This sale will provide funds for a revolving loan fund for public agencies and tribal governments interested in converting their fleets to alternative fuel vehicles or purchasing these types of vehicles.
Oregon taxpayers can purchase Tax Credit Certificates in increments of $500 with a minimum bid of $475. Higher bids will be given preference at the close of the bidding period. For the RED grants, there will be a total of $1.5 million available in credits (or 3,000 increments of $500). For the Alternative Fuel Vehicle, a little more than $2 million (or 4,065 increments of $500) is available for purchase.
More Information is available on the Oregon Department of Revenue's Web site.