Text Size:   A+ A- A   •   Text Only
Find     
Site Image

News Releases
Draft rules for new business incentives issued
9/19/2011
ODOE masthead
 
 
 
 
 
 
 

FOR IMMEDIATE RELEASE
 
 
11-63
Contacts:
Diana Enright, 503-378-8278
In Oregon 1-800-221-8035
 
SALEM — The Oregon Department of Energy has issued draft temporary rules to implement HB 3672, the 2011 legislation that created three business energy incentive programs, one for renewable energy grants, and the others for conservation and transportation tax credits. The law also sunset the Business Energy Tax Credit program.
 
The renewable energy grant program is capped at $3 million for the 2011-2013 biennium, awards are limited to $250,000 per project and systems cannot exceed 35 megawatts. Grant funds will come from an auction of tax credits that the Oregon Department of Revenue proposes to conduct from Oct. 24 to Nov. 4, 2011.
 
Conservation tax credits are capped at $28 million for the biennium and applications will be subject to a competitive process. Transportation tax credits are limited to $20 million for the biennium and only public or non-profit transit services and alternative fuel vehicle infrastructure projects will qualify.
 
A copy of the draft temporary rules for all three programs can be found on the ODOE website at: http://oregon.gov/ENERGY/CONS/Rulemaking2011-HB3672.shtml#Rules. The public comment period ends Oct. 7, 2011. Comments can be sent via e-mail to Rulemaking.HB3672@ODOE.state.or.us.




###
 
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