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Tax Credits & Energy Programs

Tax Credits & Energy Programs

Program reports, requirements, programs, grants, rebates, incentives and related tax credit-energy resources.

Tax expenditures can be viewed as: (1) providing financial assistance to certain groups of taxpayers, (2) providing economic incentives that encourage specific taxpayer behavior, or (3) simplifying or reducing the costs of tax administration. While the third of these policy objectives eliminates inefficiencies within the tax code, the first two could be implemented with direct expenditures rather than tax expenditures.

Energy Efficient Wildfire Incentive Program

The Oregon Department of Energy issues rebates to incentivize energy efficient rebuilding following the 2020 Labor Day wildfires that destroyed more than 5,000 structures across the state. 

Oregon solar panel
Solar Plus Storage Rebate Report & Program 

The Oregon Department of Energy's Solar + Storage Rebate Program offers rebates for solar and solar with paired storage projects. For residential projects, the maximum rebate is $5,000 for a solar electric system and $2,500 for an energy storage system.  For low-income service providers, the caps are $30,000 for solar electric and $15,000 for an energy storage system. 

Solar Plus Storage Rebate ReportOregon Solar + Storage Program
Renewable Energy Development (RED) Grants
Renewable Energy Development (RED) Grants

The Oregon Department of Energy issued grants for renewable energy development projects from 2012 to 2019; the grants were funded through tax credit auctions overseen by the Oregon Department of Revenue. The final set of RED Grant awardees was announced in September 2019.

Grant Report

Department of Revenue 
Department of Revenue Reports & Resources
The Department of Revenue (DOR) provides access to current and historical tax expenditure reports, and other tax and statistical report information. 
For Additional information, email the Department of Revenue Research Section.
Tax Expenditure ReportsDOR Statistical Reports

Energy Incentive Program (EIP) Reports
The Oregon Department of Energy's Energy Incentive Program issued tax credits to Oregon businesses, public agencies, and nonprofits that invested in energy conservation or transportation projects. The Energy Incentive Program tax credits ended (sunset) at the end of the 2017 tax year, which was dependent on the applicants' tax year. 
While the program sunset in 2017 and is no longer accepting applications, reporting will continue until projects with multi-year tax credits/recertification's are complete. This report covers through June 30, 2022. Withdrawn, Denied, Inactive, and Expired projects are excluded.
Financial and Incentive ProgramsEnergy Incentive Program (EIP) Tax Credits

Did you know...

What are Tax Credits?
The 1995 Budget Accountability Act (ORS 291.201) defines a tax expenditure as: any law of the Federal Government or of this state that exempts, in whole or in part, certain persons, income, goods, services, or property from the impact of established taxes, including, but not limited to tax deductions, tax exclusions, tax subtractions, tax exemptions, tax deferrals, preferential tax rates, and tax credits.

For example, a program to encourage businesses to purchase pollution abatement equipment could be structured with an incentive in the form of a tax credit or a direct payment by the state to businesses. 

To learn more about tax expenditure details, visit the ORS 291.201 link below.

ORS 291.201

What are the Reporting Requirements?
The biennial tax expenditure report accompanies the Governor's recommended budget submitted to the Legislature before each session. It describes provisions of Oregon tax laws that impart special treatment to a group of taxpayers, such as exclusions, credits, deductions, and exemptions. 

This report describes each provision and provides revenue loss estimates and evaluations of effectiveness. It also includes summary tables that group tax expenditures according to tax program and budget program/function. 

Biennial Tax Expenditure Report

See ORS 291.203 for the statutory reference that requires these reports.

ORS 291.203