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Latest round of renewable BETCs claimed quickly
4/15/2011
ODOE masthead
 
 
 
 
 
 
 

FOR IMMEDIATE RELEASE
 
 
11-30
Contacts:
Diana Enright, 503-378-8278
In Oregon 1-800-221-8035
 
SALEM—The latest round of applications for Oregon’s Business Energy Tax Credits closed Tuesday after just two business days. The Tier One, Phase 3 round – for renewable energy projects less than $500,000 – opened Monday.
 
The Oregon Department of Energy received 165 applications for Tier One, Phase 3 – in excess of the $5 million available – and will no longer accept applications. Next week, ODOE will mail status updates to all Tier One, Phase 3 applicants.
 
No other renewable energy BETC applications will be accepted for the remainder of the biennium, which ends on June 30, 2011. The 2010 Legislative Special Session put a $300 million cap on the amount of Business Energy Tax Credits available for renewable energy projects, which has been allocated as planned. 
 
The 2010 legislation (HB 3680) does designate $150 million for renewable energy tax credits for July 1, 2011 through June 30, 2012. The renewable energy and conservation components of BETC are scheduled to end July 1, 2012.   
 
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About the Department of Energy: The Oregon Department of Energy provides tax credits, loans, technical assistance and energy information for homes, businesses, manufacturing, farms, ranches, schools and governments.
 

 

Oregon Department of Energy
Main OfficeHermiston Field Office
625 Marion St. NE, Salem, OR 97301-3737
395 E Highland Rd.
Phone: 503-378-4040Hermiston, OR 97838
Toll-free in Oregon: 1-800-221-8035P: 541-567-3840
Fax: 503-373-7806