| BETC Tier Two October - December 2010 |
|
|
|
 |
| Introduction |
|
Tier Two applications consist of projects that use or produce renewable energy resources that have a projected project cost equal to or greater than $500,000 but less than $6,000,000. projects that use or produce renewable energy resources include, but are not limited to, biomass, geothermal, hydro, solar photovoltaic, solar thermal and wind. ODOE reviews these applications in a competitive process that follows the requirements in ORS Chapter 469 and determines which projects will receive a BETC. ODOE’s goal is to allocate tax credits to those projects that give the greatest overall value for Oregon taxpayer money.
In May 2010, ODOE announced that approximately $10 million in tax credits would be available for Tier Two applications during the October - December 2010 funding period.
|
|
|
| Process |
|
September 30, 2010
|
Tier Two Opportunity Announcement posted on ODOE website
|
October 1-29, 2010
|
Tier Two Applications accepted
|
November 1, 2010
|
Tier Two applications opened, 39 applications received
|
November 1, 2010
|
Minimum Application Requirements, 37 applications
|
Starting November 4, 2010
|
Program Priority Review, 7 applications move forward
|
Starting January, 2011
|
Technical Standards Review (currently in progress)
Click here to view a list of the applications eligible to proceed to the technical standards review.
|
|
Offer of Preliminary Certification to applications that pass Technical Review, with program specific conditions. Once ODOE awards preliminary certificates, ODOE will post information about the awarded applications
|
|
|
|
|
