| BETC Tier Three June-November 2010 |
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| Introduction |
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Tier Three applications consist of projects that use or produce renewable energy resources that have a projected project cost equal to or greater 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 up to $30 million in tax credits would be available for Tier Three applications during the June – November 2010 funding period.
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| Process |
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May 27, 2010
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Tier Three Opportunity Announcement posted on ODOE website
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June 1-July 30, 2010
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Tier Three Applications accepted
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August 3, 2010
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Tier Three Applications opened (24 applications opened)
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August 3, 2010
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Minimum Application Requirements (22 applications pass)
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Starting August 3, 2010
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Program Priority Review (3 applications move forward)
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September, 2010
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Technical Standards Review (currently in progress)
Click here to view a list of the applications eligible to proceed to the technical standards review.
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Sept & October, 2010
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Third Party Review
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| November, 2010 |
Offer of Preliminary Certification to applications that pass Technical and Third Party Review, with program specific conditions. Once ODOE awards preliminary certificates, ODOE will post information about the awarded applications.
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