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New rules for Renewable Energy Development Grants now in effect
2/24/2012
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FOR IMMEDIATE RELEASE
 
 
12-08
Contacts:
Maureen Bock, 503-934-4004
In Oregon 1-800-221-8035
 
SALEM — New temporary rules related to grants for renewable energy production systems became effective Feb. 22, 2012. These grants cover systems that use biomass, solar, geothermal, hydroelectric, wind, landfill gas, biogas, and wave, tidal or ocean power to produce electrical energy. Funds for the renewable energy grants were raised through Department of Revenue tax credit auctions late last year.
 
The new temporary rules are a result of House Bill 3672 (2011) that replaced the Business Energy Tax Credit program.
 
The Oregon Department of Energy will be issuing its first opportunity announcement, explaining how to apply for these projects, after Feb. 27, 2012. At that time, application forms and guidelines regarding eligible costs will also be available.
 
A copy of the rules can be found on the Oregon Department of Energy’s website at: http://www.oregon.gov/ENERGY/BUSINESS/Incentives/docs/Renewable_EIP_Temp_Rule.pdf 
The department will be adopting permanent rules later in 2012.
 
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