24 Jun '11, 4pm

Oregon could see massive cuts to its #renewable #energy incentives #policy #renewables #solar

The Oregon House of Representatives has voted overwhelmingly to approve House Bill 3672 , which contains cuts that could potentially be devastating to renewable energy development and manufacturing in the state. According to a report from the Associated Press , the bill would eliminate the Business Energy Tax Credit (BETC) program , which provides tax credits to trade, business or rental property owners who pay taxes for a business site if they install renewable energy projects or make energy-efficiency improvements. The program also provides a 50% tax credit to eligible renewable energy manufacturing facilities. According to the AP report, H.B.3672, which passed by a vote of 57-2, replaces the BETC with new programs designed to encourage smaller, community-based solar projects, rather than utility-scale solar and wind farms. Some lawmakers have claimed that the tax credit...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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