A Renewable Energy Law Update


The Oregon Department of Energy ("ODOE") has released information about the 2011 application process for the Business Energy Tax Credit ("BETC"). Under ODOE's three-tier priority system, $15 million in tax credits is available for renewable projects estimated to cost less than $500,000 ("Tier 1"), $10 million is available for projects costing between $500,000 and $6 million ("Tier 2"), and $10 million is available for projects costing $6 million or more ("Tier 3"). This guidance follows ODOE's November 23, 2010, release of revised permanent rules for the BETC program. (Click here for links to the new permanent rules and a summary of the changes).

Some of the key developments include...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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