Oregon
Incentives/Policies for Renewable Energy
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Last DSIRE Review: 11/18/2009
| Incentive Type: |
Personal Tax Credit |
| State: |
Oregon |
| Eligible Efficiency Technologies: |
Clothes Washers,
Dishwasher,
Refrigerators/Freezers,
Water Heaters,
Furnaces,
Boilers,
Heat pumps,
Air conditioners,
Heat recovery,
Duct/Air sealing
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| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat,
Solar Water Heat,
Solar Space Heat,
Photovoltaics,
Wind,
Biomass,
Renewable Fuel Vehicles,
Fuel Cells,
Geothermal Heat Pumps,
Refueling Stations
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| Applicable Sectors: |
Residential
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| Amount: | PV and Fuel Cells: $3.00/W-DC
Wind Electric Systems: $2/kWh produced in first year
Spa/pool heating: $0.15/kWh saved
Residential Appliances, HVAC, Water Heating: $0.40/kWh saved, with a maximum of 25% of net purchase price
Premium Efficiency Biomass Combustion Device: $0.40/kWh saved in first year, $300 or 25% of the cost, whichever is less
All other renewable technologies: $0.60/kWh saved during the first year. |
| Maximum Incentive: | Energy efficient appliances, heating and cooling systems: $1,000 per calendar year
Premium Efficiency Biomass Combustion Device: $300 or 25%, whichever is less
For all others (excluding PV, Fuel Cells and Wind Turbines): $1,500, up to 50% of installed cost
PV, Fuel Cells and Wind Turbines: $6,000 ($1,500 per year for 4 years), up to 50% of installed cost. |
| Carryover Provisions: | Excess credit may be carried forward five years following the first tax year for which any credit was allowed (must be taken over no more than 6 years altogether). |
| Equipment/Installation Requirements: | Must obtain certification from Oregon Dept. of Energy prior to installation or be installed by contractor certified by the Dept.; must carry manufacturer’s warranty; must comply with general and specific standards in OAR 330, Division 70. |
| Project Review/Certification: | Systems or energy consumption records may be inspected by Oregon Dept. of Energy to verify eligibility. |
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Web Site: |
http://egov.oregon.gov/ENERGY/CONS/RES/RETC.shtml
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Authority 1:
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ORS § 469.185 et seq.
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| Date Enacted: | 7/31/2007 |
| Date Effective: | 1/1/2007 |
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Authority 2:
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OAR 330-070-0010 to 330-070-0097
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| Date Enacted: | 1977 (original legislation) |
| Date Effective: | 11/1/2008 |
| Expiration Date: | None |
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Authority 3:
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ORS § 315.354
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| Date Enacted: | 9/2/2005 |
| Date Effective: | 1/1/2006 |
| Expiration Date: | 12/31/2015 |
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Summary:
Homeowners and renters who pay Oregon income taxes are eligible for the Residential Energy Tax Credit if they purchase premium-efficiency appliances, heating and cooling systems, duct systems, closed-loop geothermal space or water heating systems, solar water and space heating systems, photovoltaics, wind, fuel cells, and alternative fuel vehicles and charging or fueling systems. New rules adopted in December 2007 added an incentive for premium efficiency biomass combustion devices, capped at $300 or 25% of the cost.
Renewable Energy Incentives
Photovoltaic (PV) systems and fuel cells are eligible for $3 per peak watt (W) with a maximum limit of $6,000, up to 50% of the installed cost. However, the amount claimed in any one tax year may not exceed $1,500 or the taxpayer's tax liability, whichever is less. Unused credits may be carried forward for five years.
Solar space and water heating systems, and wind-powered mechanical systems are eligible for a credit of 60 cents per kilowatt-hour (kWh) saved during the first year, up to $1,500.
Spa and pool heating systems are eligible for a tax credit of 15 cents per kWh saved, up to 50% of the cost, with a maximum tax credit of $1,500.
Closed-loop geothermal systems for space or water heating are eligible for a $300 to $900 tax credit.
Wind turbine systems that produce electricity are eligible for a credit equal to the lesser of $2 per kWh produced during the first year, or $6,000.
Energy Efficiency Incentives
Only appliances recognized as premium efficiency by the Oregon Department of Energy are eligible for the tax credit. The Oregon Department of Energy maintains a list of qualifying appliances. The tax credit is the lesser of: (1) $0.40 per kWh saved in the first year, or (2) 25% of the net cost of the appliance.
Performance-tested duct systems qualify for a tax credit for 25% of the cost of the work, not to exceed $250. The testing must be performed by a contractor certified by the Oregon Department of Energy.
Qualifying air-source heat pump systems are eligible for a tax credit of $300 to $500 when installed by a contractor on the Oregon Department of Energy's certified contractor list.
Qualifying condensing furnaces and boilers are eligible for tax credits of $350 and $225, respectively. If the heat pumps and furnaces are connected to a performance-tested duct system, they are eligible for an additional $150 tax credit.
Alternative Fuel Vehicles Incentive
Vehicles that run on alternative fuels also qualify for a tax credit. Examples of alternative fuels include electricity, natural gas, methanol, propane and hydrogen. Vehicles must be registered in Oregon to operate on public roadways. An additional tax credit is available for installing a home charging or fueling system. The tax credit is worth 25% of the cost of the vehicle or device, up to $750. The tax credit may be claimed for a vehicle and a charging or fueling system, for a total of $1,500.
This tax credit sunsets on December 31, 2015.
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