Business Energy Tax Credit Pass Through Rate Rulemaking
Originally passed in 1985, the pass-through option of the Business Energy Tax Credit was designed to stimulate investments in energy conservation, energy efficiency and renewable energy. The BETC pass-through rate is developed by the Oregon Department of Energy and is calculated based on the type and cost of the project.
The new rules will create a standardized pass-through formula and require quarterly review process for the rate to ensure it reflects current economic conditions.
