Oregon Commercial Incentives

State and Federal Tax Incentives

Oregon Business Energy Tax Credit (BETC):
50% of eligible system cost

• Commercial income tax credit administered by Oregon Department of Energy
• Claimed over 5 years at 10% of eligible cost per year
• Eligible project cost may be capped

Federal Investment Tax Credit:
30% of installed system cost

• Commercial federal income tax credit
• After December 31, 2008 drops from 30% to 10%
• Not available to those subject to Alternative Minimum Tax
• IRS Form 3468
• SEIA Guide to Federal Tax Incentives for Solar Energy

Modified Accelerated Cost Recovery System (MACRS):
5-year federal depreciation schedule

• Rapid depreciation deductions on federal tax return
• IRS Form 4562

How to participate

Eligibility requirements

• You must be an Oregon customer of Portland General Electric or Pacific Power.
• Solar electric systems must be grid-tied and net metered.
• Systems must be installed by an approved Energy Trust solar trade ally contractor.
• Incentive applications must be pre-approved by Energy Trust prior to installation.
• All system components must be new.

How to apply

1. Select a contractor to install your solar electric system.
2. Work with your contractor to apply to Oregon Department of Energy for a state tax credit.
3. Sign an Energy Trust incentive application (Form 220C) provided by your contractor, who will submit it to us on your behalf.
4. After Energy Trust pre-approves your application, your contractor installs the system.
5. After the installation passes code and Energy Trust inspections, Energy Trust pays the incentive amount directly to you, or you have the option to assign payment to your contractor.
6. Submit final tax credit certification documentation to the Oregon Department of Energy.
7. Remember to claim your federal tax credit and depreciation.

Sign up today.

If you're ready to plug into the sun, fill out the Renewable Energy Site Analysis form.

Please note: Seraphim Energy is not providing any legal, tax, or accounting advice by providing the following descriptions. This information may not be used to avoid IRS penalties.

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White Salmon, WA February 21