Oregon Residential Energy Tax Credits Expire Dec 31, 2017
If you’re an Oregon home owner thinking about remodeling or updating your house to be more energy efficient, you need to keep your eye on the calendar. Just about all residential energy tax credits will expire at the end of 2017. It is unknown if the state legislature will re-instate any of those credits next year.
There are some great tax credits still available ranging from installing a solar system for your whole house, to installing a system just to heat your pool or hot tub. OR, installing an energy efficient gas fire place or pellet stove and a whole lot more.
To qualify, you must purchase the equipment by the end of the year; it must be installed by April 1, 2018; and all application paperwork to the state must be submitted by June 1, 2018. (Usually the installer will complete paperwork for you.)
To see all the current Oregon energy tax credits (dollar for dollar credit from the tax you owe), please click here Current RETC Rates for Oregon.
Installation of a whole house solar energy system is the only remaining Federal Energy Star tax credit still available. You can recoup up to 30% of the cost of the system through the end of 2017, but that percentage will decrease after this year.