Business Energy Tax Credit

The Business Energy Tax Credit (BETC or “Betsy”) has been instrumental in growing Oregon’s expanding renewable energy industry. The BETC is administered by the Oregon Department of Energy, and Business Oregon works closely with that department to leverage the tax credit for business growth. Oregon facilities that manufacture renewable energy resource equipment may be eligible for the credit, which has proven extremely valuable to offset the costs of large capital investments.

Eligible costs may include the building, equipment, machinery and other expenses related to the manufacturing of renewable energy products such as solar cells and wind turbines.

Businesses are eligible for a tax credit of 50 percent of eligible costs, up to a maximum of $40 million.