| |
 |
Financial Incentives
Whether you're a home owner, farm owner, or business owner, financial incentives fall into two categories and tax credits.
Energy Trust incentives are cash incentives that are paid to your chosen contractor and deducted from the project cost that is quoted to you. Energy Trust incentives for commercial wind power projects are less straight forward than other clean energy projects. For instance, Energy Trust incentives for commercial solar projects is a $/watt with a $640,000 cap. Energy Trust incentives for wind are based on the costs involved to generate the electricity that are above market cost. This is of course based on many variables, so the incentives are taken on a case by case basis according to Energy Trust's website. Follow any of the links in this paragraph to go to the Energy Trust's website to learn more. As always, we will work with you and Energy Trust to determine you're the incentive your project is eligible for.
Tax credits reduce the amount of taxes your company owes at the end of the year or quarter, depending on how your tax situation is structured. The tax credits available to you fall into two categories, federal and state, both of which are applied to the project cost after the Energy Trust incentives. |
Energy Trust
|
Energy Trust
|
Varies by project; aims to offset
above market cost of electricity production; we work with Energy Trust to
determine your incentive
|
|
Oregon Business Energy Tax Credit (BETC)
|
50% of eligible system cost,
claimed 10% per year for 5 years; transfer credit to pass-through partner to
receive reduced payment up front
|
|
Federal Business Energy Tax Credit
|
30% net installed system cost; AND
Federal Accelerated Depreciation, MACRS: 5-year rapid depreciation deductions
on federal tax return
|
|
|
