Oregon’s Energy Tax Credit Called ‘Free Money’

June 19, 2007

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Oregon’s pending Business Energy Tax Credit legislation has been called “free money” for Oregon business owners who invest in solar, Earth Times reports. The tax credit, expected to pass the Oregon Legislature before the end of session, will raise tax incentives for commercial solar panel systems from roughly 35 percent to 50 percent.

Combined with incentives from the Energy Trust of Oregon and the federal government, this increase allows most businesses to recoup the initial investment in a solar system within five years. In many cases, the incentives and credits paid end up being more than the actual cost of the system.

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