HB 3201, Residential and Business Energy Tax Credit |
Summary: House Bill 3201, introduced in 2007, provides homeowners and businesses tax credits for investments in energy efficiency. Homeowner tax credits extend to investments in 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.
Businesses may obtain credit for investments in energy conservation, recycling, renewable energy resources, sustainable buildings, and less-polluting transportation fuels. The tax credit can cover costs directly related to the project, including equipment cost, engineering and design fees, materials, supplies and installation costs. Loan fees and permit costs also may be claimed. However, replacing equipment at the end of its useful life or equipment required to meet codes or other government regulations are not eligible. Maintenance costs are also not eligible.
Links:
Contact:
Suzanne Dillard
Phone: (503) 373-7565
E-Mail: Suzanne.C.Dillard@state.or.us
Last Updated
05/20/2009
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