SALEM - The Oregon Department of Energy has extended the public comment period to Nov. 4 for input on new energy incentive programs created by the legislature to replace the Business Energy Tax Credit. The 2011 legislation, HB 3672, sunset the BETC and created one program for renewable energy grants, one for conservation tax credits and one for transportation tax credits.
ODOE, which had extended the initial comment period through Oct. 21, heard from stakeholders that they needed more time to discuss the new programs.
Through Nov. 4, the public is encouraged to review the draft temporary rules designed to implement HB 3672. They are posted on the ODOE website at: http://www.oregon.gov/ENERGY/CONS/Rulemaking2011-HB3672.shtml#Rules
Additional Information about the HB3672:
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.
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
625 Marion Street N.E.
Salem, OR 97301-3737
Toll-free in Oregon: 1-800-221-8035