to-the-point: Oregon provides USD 2m for renewable thermal projects

Chipped wood. Author: Douglas O'Brien. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

August 30 (SeeNews) - The Oregon Department of Energy last week announced the availability of a total USD 2 million (EUR 1.8m) of tax credits for renewable thermal projects.

Projects that use solar, biomass or geothermal energy directly, without converting the renewable resource into electricity are eligible to apply.  

The energy conservation incentive is aimed at businesses, organisations, public bodies, nonprofits and tribes. They can get a tax credit of up to 35% of the project costs. Applicants may also opt to request a tax credit of below 35% to make their projects more competitive.

Applications are due by October 3.

(USD 1.0 = EUR 0.909)

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Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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