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Incentives/Policies for Energy Efficiency

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Energy Conservation Tax Credits - Competitively-Selected Projects (Corporate)   

Last DSIRE Review: 02/24/2015
Program Overview:
State: Oregon
Incentive Type: Corporate Tax Credit
Eligible Efficiency Technologies: Water Heaters, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Compressed air, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Processing and Manufacturing Equipment, Agricultural Equipment, Comprehensive Measures/Whole Building, Custom/Others pending approval, Unspecified Technologies, Evaporative Coolers
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Thermal Electric, Biomass, Geothermal Electric, Geothermal Heat Pumps
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Tribal Government, Agricultural, Institutional
Amount:Varies by project
Maximum Incentive:35% of qualifying project costs
The sum of all incentives, grants, credits, or other public funds may not exceed total project costs
Equipment Requirements:First year energy savings must yield a simple payback period of greater than 3 years.
Program Budget:$28 million for biennium ending June 30, 2015
Start Date:2011
Web Site:
Authority 1:
Date Enacted:
Date Effective:
H.B. 3672
Authority 2:
Date Enacted:
Date Effective:
H.B. 4079
Authority 3:
OAR 330-210-0000 to 330-210-0150
Authority 4:
ORS ยง 469B

The Oregon Department of Energy periodically releases Opportunity Announcements for tax credits for energy conservation projects. There are currently two open solicitations: applications for Renewable Thermal and  Commercial Buildings projects will be accepted through February 27, 2015, with approximately $2.5 million in credits available for renewable thermal projects and $6.5 million in credits for commercial buildings.  The application period for Combined Heat and Power Projects closed January 30, 2015, and the Commercial, Industrial, and Agricultural Processes and Cool Schools announcement periods are also currently closed. 

Energy conservation projects include projects with investments for which the first year energy savings yields a simple payback period of greater than three years. Projects must intend to begin construction within 12 months of the award. The tax credit may not exceed 35% of the project costs, and is claimed over five years with 10% of the project costs claimed in the first two years and 5% claimed in the following three years. An applicant may claim the entire credit in the first year if the project costs are less than $20,000, or may request a credit of less than 35% in order to receive more points towards the competitive review criteria. 

Qualifying project costs include:

  • Project components
  • Fees to design or engineer the project
  • Title searches, escrow fees, permits, licenses
  • Materials and supplies needed for erection, construction, installation and acquisition of the project
  • Work performed by employees or contractors that meet certain requirements
  • Certain legal fees related to the development of the project

Interested parties must submit a preliminary certification application. Projects that are determined to meet all qualifications and deadlines will be reviewed as part of a competitive process. Preference is given to those projects that have the highest energy savings over the five-year credit allowance period per tax credit dollar. Other review criteria may include:

  • The amount of energy saved over the equipment lifetime
  • The project's expected lifespan compared to simple payback period
  • The incentive structure and whether the energy savings benefit a party other than the owner
  • Benefit-to-cost ratio over the lifetime of the project
  • The project implementation plan
  • The project financial plan
  • Jobs created and sustained
  • Local economic conditions of the site location
  • Agreement to accept a reduction to the requested tax incentive
  • Agreement to a voluntary measurement and verification plan

Projects that advance beyond the competitive process must undergo a technical review before receiving final certification. Check the program web site for Opportunity Announcements and associated application materials and requirements.


  Public Information Officer - ODOE
Oregon Department of Energy
625 Marion Street, N.E.
Salem, OR 97301-3737
Phone: (503) 378-4040
Phone 2: (800) 221-8035
Fax: (503) 373-7806
Web Site:
NCSU - home
Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2014 - 2015 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.