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For Immediate ReleaseContact:
July 14, 2010Diana Enright, 503-378-8278
10-27Jim Denno, 503-378-2856
Oregon Department of Energy filed new temporary administrative rules for portions of the Residential Energy Tax Credit (RETC) program on July 1, 2010.
The temporary rules are effective July 1, 2010 and apply to tax years beginning on or after January 1, 2010. The temporary rules are effective for 180 days ending Dec. 28, 2010 and are posted on the Department’s website at http://www.oregon.gov/ENERGY/CONS/Rulemaking2010-RETC.shtml.  A public hearing for permanent rulemaking will be held later this year.
Changes to the RETC rules include:
  • The net cost of an eligible Alternative Energy Device (AED), the amount used to calculate the tax credit for AEDs, must include any tax credits or utility incentives received including Energy Trust of Oregon incentives. AEDs include, but are not limited to, systems that collect and use solar energy; ground source heat pump systems; energy efficient appliances, energy efficient heating, ventilating and air conditioning systems; premium efficiency biomass combustion devices, fuel cell systems; alternative fuel vehicles and related alternative fuel devices or wind devices that supply, offset or supplement electricity used for a dwelling or that supply electricity to a utility.
  • Residents may receive only one credit per residence within a five year period for installation of a wind or solar photovoltaic system.
  • Low-speed alternative fuel vehicles are no-longer eligible for an alternative fuel device tax credit. These are generally electric powered vehicles with a maximum speed of more than 20 but not more than 25 miles per hour as defined by Oregon Department of Transportation at http://www.oregon.gov/ODOT/DMV/vehicle/low_speed.shtml.
Oregon Department of Energy/625 Marion St. NE/Salem, OR 97301-3737
Phone (503) 378-4040/Fax (503) 373-7806