Oregon has always been known as an environmentally conscious state. To this
end, you can even get a tax credit for using renewable energy.
Get a Tax Credit for Using Renewable Energy in Oregon
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Oregon Conservation Strategy Topic Of Watersheds Meeting (Newport News-Times)
Doug Cottam, district wildlife biologist for the Oregon Department of Fish and Wildlife (ODFW), will address the MidCoast Watersheds Council during its upcoming meeting, set to begin at 6:30 p.m. Thursday,...
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Residents in Oregon can claim a Residential Energy Tax Credit if they use
renewable energy systems. The tax credit can be claimed by both homeowners and
renters, a scope not found in most states.
To qualify for the Residential Energy Tax Credit, a homeowner or renter
must convert to a clean energy system in one of the following areas:
1. Appliances,
2. Heating systems,
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Oregon Coast Quilters Guild Announces Show Winners (Newport News-Times)
Oregon Coastal Quilters Guild held a successful Quilt Show with 899 guests on Aug. 3, 4 and 5 at the Lincoln County Fairgrounds in Newport. The winning ticket for this years raffle quilt went to Sue Finlayson...
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3. Cooling systems,
4. Ventilation or Duct Stems,
5. Closed-loop geothermal system for space heating or water heating,
6. Solar thermal heating,
7. Solar electrical generation through solar panels,
8. Wind power
production,
9. Use of fuel cells, and
10. Hybrid fuel vehicles.
The amount of the Renewable Energy Tax Credit depends on the particular
area in which you pursue clean energy platforms. Highlighted amounts are:
1. Solar Systems - Nope, not the planetary system. Instead, you can claim
up to $3 per peak watt for your system with a cap of $6,000. Please note,
however, that you can only claim up to $1,500 a year, but can carry the credit
forward to following years. For solar platforms used to heat structures and
water, the tax credit is 60 cents per kilo-watt hour with a cap of $1,500. The
same applies to wind systems, fuel cell platforms.
Unlike other states, Oregon will give you a tax break for heating your
pool. Clean energy pool heating systems such as solar are eligible for a tax
credit equal to 15 cents per kilo-watt hour of saved energy compared to a
traditional heating system. There is a cap on the system, which is 50 percent of
the total cost or $1,500. Still, this represents a major savings over programs
offered in other states.
2. A closed loop geothermal system is one in which circulating fluid
remains in the piping without exception. They are typically used to cool and
heat homes. If you convert to such a system, you can claim a tax credit of $300
to $900 depending on the type of system.
3. Appliances are often the biggest energy wasters. If you purchase an
appliance approved by the Oregon Department of Energy you can claim a tax credit
equal to the amount indicated by the department or 25 percent of the net cost of
it. Sorry, but you have to take the lesser amount.
4. Clean energy heat pump systems can garner you a tax credit of $300 to
$500. Note, however, that you must have it installed by a licensed contractor.
5. Hybrid vehicles are all the rage these days. If you have one in
Oregon, you can claim a tax credit of $750. This is on top of the tax credit you
get from the federal government as of January 1, 2006.
Oregon has always been known as a green state. Financial incentives in
the form of tax credits bear this out.
