[ODOE_News] Draft Rules for New Business Incentives Issued

[Voliva, Cliff]

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FOR IMMEDIATE RELEASE
September 19, 2011
11-63


CONTACTS:
Diana Enright, 503-378-8278
In Oregon, 1-800-221-8035




Draft Rules for New Business Incentives Issued



SALEM - The Oregon Department of Energy has issued draft temporary rules to implement HB 3672, the 2011 legislation that created three business energy incentive programs, one for renewable energy grants, and the others for conservation and transportation tax credits. The law also sunset the Business Energy Tax Credit program.



The renewable energy grant program is capped at $3 million for the 2011-2013 biennium, awards are limited to $250,000 per project and systems cannot exceed 35 megawatts. Grant funds will come from an auction of tax credits that the Oregon Department of Revenue proposes to conduct from Oct. 24 to Nov. 4, 2011.



Conservation tax credits are capped at $28 million for the biennium and applications will be subject to a competitive process. Transportation tax credits are limited to $20 million for the biennium and only public or non-profit transit services and alternative fuel vehicle infrastructure projects will qualify.



A copy of the draft temporary rules for all three programs can be found on the ODOE website at: http://oregon.gov/ENERGY/CONS/Rulemaking2011-HB3672.shtml#Rules The public comment period ends Oct. 7, 2011.  Comments can be sent via email to Rulemaking.HB3672 at ODOE.state.or.us<mailto:Rulemaking.HB3672 at ODOE.state.or.us> .

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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 Office

625 Marion Street N.E.
Salem, OR 97301-3737

Phone: 503-378-4040

Toll-free in Oregon: 1-800-221-8035

Fax: 503-373-7806



Website: www.oregon.gov/ENERGY<http://www.oregon.gov/ENERGY>










Cliff Voliva, Public Information & Outreach Coordinator
Communications
Oregon Department of Energy
625 Marion Street NE
Salem, OR 97301-3737
Office: (503) 378-3637
cliff.voliva at state.or.us | www.oregon.gov/energy

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