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

News Releases
Applications available for alternative fuel vehicle infrastructure incentives
3/15/2012
Applications available for alternative fuel vehicle infrastructure incentives
03/15/2012
ODOE masthead
 
 
 
 
 
 
 

FOR IMMEDIATE RELEASE
 
 
12-14
Contacts:
Maureen Bock, 503-934-4004
In Oregon 1-800-221-8035
 
SALEM — Applications are now being accepted for energy incentives (tax credits) for alternative fuel vehicle infrastructure projects through the Oregon Department of Energy. These types of projects include electric vehicle charging stations and compressed natural gas fueling stations.
 
For this opportunity announcement period there is approximately $2 million in tax credits available, which will be allocated on a first-come, first-served basis through June 29, 2012.
 
Qualified AFVI projects are eligible for a tax credit that may not exceed 35 percent of certified cost. The tax credit is claimed over five years, with 10 percent of the certified cost claimed in each of the first two years and 5 percent claimed in each of the succeeding three years.
 
Application materials can be found on the ODOE website at: www.oregon.gov/ENERGY/BUSINESS/Incentives. There is a $200 application fee and a technical review fee, which is 1.05 percent of project cost.
 
The AFVI tax credit program is part of ODOE’s new Energy Incentives Program, created by the 2011 Legislature. The EIP replaces the Business Energy Tax Credit program.
 
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