Last Updated October 30, 2023
Program Overview
Category:
Financial Incentive
State:
Oregon
Incentive Type:
Grant Program
Administrator:
Energy Trust of Oregon
Start Date:
05/01/2002
Expiration Date:
N/A
Applicable Sectors:
N/A
Eligible Renewable/Other Technologies:
N/A
Summary
Energy Trust provides incentives towards the construction costs of biopower, geothermal, or hydropower projects. Incentive levels are based on a project’s cost in comparison to the market value of the energy produced, or “above-market cost”. A potential installation incentive is based on a net-present value assessment that accounts for all the project’s costs and revenues. In return for funding contribution, Energy Trust asks for a negotiated share of the project’s Environmental Attributes (e.g. Renewable Energy Certificates), which are held in trust for the ratepayers who pay the public purpose charge that funds their work. To be eligible for an Energy Trust incentive, projects must be less than 20 MW in nameplate capacity and be located in the service territory of, or deliver power to, Portland General Electric or Pacific Power in Oregon.
Incentives are subject to funding availability and may change.
Energy Trust offers cash incentives that reduce the upfront cost of solar installations. The incentive amount depends on the size of your system and your electric utility. Incentives are subject to funding availability and may change at any time.
Commercial
Portland General Electric $15,000 max. $0.15/watt
Project size cap: 480 kW-DC
Pacific Power $15,000 max. $0.15/watt
Project size cap: 480 kW-DC
Residential
Portland General Electric $400 per project
Pacific Power $450 per project