Rural Renewable Energy Development (RRED) Zones
Property tax exemption for potentially far-flung projects
  • Encourages investments that harness wind, geothermal, solar, biomass, ocean waves or other unconventional forms of energy in Oregon.
  • Throughout Oregon, a city, county or several contiguous counties can set up a RRED Zone that covers all the territory in the non-metropolitan jurisdiction(s).
  • Exemption is exactly the same as the standard, three- to five-year exemption in an enterprise zone, except for being limited in terms of the amount of initial market value (among one or more projects) that may benefit, up to a total maximum established with the designation of that particular zone.
  • Eligible zone project must meet business firm and property qualifications for the standard enterprise zone exemption and must involve the generation of electricity from a "renewable energy resource" or the manufacture, storage or distribution of biodiesel, ethanol or similar fuels made from applicable inputs.

Resources
Current list of Rural Renewable Energy Zones
Oregon Revised Statutes (ORS): Chapter 285C
Administrative Rule