Oregon grant process for renewable energy begins next week
By Christina Williams
Sustainable Business Oregon editor
Wind energy is among the renewable sources covered by the small pot of cash available under the Renewable Energy Development Grants program.
The Oregon Department of Energy issued temporary rules this week for the Renewable Energy Development Grants program that was set up as a way to replace the Business Energy Tax Credit — or BETC — program.
The department will be opening the application process for the first round of grants next week.
The full amount allotted to the grant program for the year is $463,253.85. It's a far cry from the $300 million in incentives that were available every two years under the BETC program.
The grants will be available for systems that use biomass, solar, geothermal, hydroelectric, wind, landfill gas, biogas and wave, tidal or ocean power to produce energy.
The funds for the program — which was authorized by the Oregon Legislature to be as large as $1.5 million — were raised through tax credit auctions held by the Oregon Department of Revenue late last year.
The temporary rules governing the new grant program — available for download here — will be replaced by permanent rules later this year.
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