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INCENTIVES

​2017 Residential Energy Tax Credit Rates

The RETC program ended on December 31, 2017. We are no longer accepting applications.​

Residential Energy Tax Credit rates were based on the statutory credit rates in ORS 316.116, and were calculated based on the amount of energy saved. Tax credit eligibility requirements for each device are described in the RETC Administrative Rules , ORS 469B.100-118 and ORS 316.116
​​
Rates effective January 1, 2017 for devices purchased by December 31, 2017. 

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​​Device​ ​Efficiency Measure (EM) EM Level & ​​Tax Credit Amount
Electric Heat Pump Water Heater​
​Northern Climate Specification Product Tier
Tier 1
Tier 2 or greater
​$300
$600
​​Tankless Gas Water Heater
Energy Factor
0.82 - 0.849
0.85 or greater
​​$225
$245
Storage Gas Water Heater
​Energy Factor

 
Thermal Efficiency
0.67-0.69
  0.70 or greater
    
0.80 or greater
$125
$175
 
$175​
​Gas Furnace "e"

Electrically-efficient AHRI e-rated
Annual Fuel Utilization Efficiency
​95 to 96.9%
97% or greater
​​$352
$492
Direct Vent Gas Fireplace
Candian EnerGuide
Fireplace Efficiency
(CSA P.4.1-02 Number)
70 to 74%
75% or greater
​​$350
$550​
​Air-Source Ducted Heat Pump
​Heating Seasonal Performance Factor (HSPF)
9.5
10.0
11.0
12.0
13.0 or greater
​​$800
$850
$925
$1,000
$1,125
Ductless Heat Pump (Mini-Split) ​HSPF 10.0-11.9
12.0 or greater​
​$1,200
$1,300
​Duct Sealing in Unconditioned Spaces ​ ​$250 credit
​Geothermal and Upgrade of Geothermal Systems ​System in Tons Less than 3
3 - 4
4.5 - 5
Greater than 5​
​$600
$700
$800
$900
​Whole House Ventilation System (HRV/ERV)
​HRV & ERV Category
  
Small 1
Large 1
Small 2
Large 2
​Net Supply Air Flow
  
Below 175
Above 175
Below 175
Above 175
​Energy Use Intesity (EUI) 
    
Up to 1.10
Up to 1.10
Less than .75
Less than .75
​Credit
   
  
​$225
$330
$450
$645 
​Wastewater Heat Recovery Water Heater​ ​System Type HR3
HR4
HR5
HR6​
​$92
$108
$122
$138
Wood & Pellet Stoves

Models in the EPA list that do not have an "Actual Measured Efficiency."
​Maximum emissions allowed per stove type (g/hr):
  
  
Non-catalytic - 3.5
Catalytic - 2.5
Pellet - 2.5
​​  
  
 
   
$144
$216
$288
​Wood & Pellet Stove​s

Models that have an "Actual Measured Efficiency" in the Environmental Protection Agency List of Cer​tified Wood Stoves 
​Actual Measured Efficiency, as found on the EPA list 

 
Maximum emissions allowed per stove type (g/hr):
  • Non-catalytic - 3.5
  • Catalytic - 2.5
  • Pellet - 2.5
​For stoves on the list meeting the emissions requirements, the tax credit calculation is:
 
12,000 multiplied by 
(Device Efficiency - 0.66)  
multiplied by $0.60

The EPA-listed device efficiency is a percentage, so turn your number into a decimal for the calculation. 
Example:
71 efficiency rating, use 0.71 in the calculation above.
​Solar Electric (Photovoltaic) $1.30 per watt of installed capacity of direct current, up to $6,000 ($1,500 per year over four years).​​ ​
​Solar Space Heating
(Passive or Active)
​​$0.60 per​ first-year energy yield in kWh, up to $1,500.
​Solar Domestic Water Heating ​$2.00 per first-year energy yield in kWh, up to $6,000
​Solar Pool Heating $0.20​ ​per first-year energy yield in kWh, up to $2,500.
Solar Spa or Hot Tub Heating ​$0.15 per first-year energy yield in kWh, up to $1,500.
​Wind System $2.00 per first-year energy yield in kWh, up to $6,000 ($1,500 per year over four years).​ ​
​Alternative Fuel Devic​e
(​Charging Station or Fuel System)
50% of the eligible cost, not to exceed $750.
​Fuel Cell ​$3.00 per watt of the installed capacity, up to $6,000 ($1,500 per year over four years).
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Resources
​​Residential Energy T​ax Credit
​​​​​​​​​​​​​​​​​ RETC Administrative Rules​​​​​​​​
​​​​​​​​​​​​​​​ Incentives Ended in 2017 ​​​​​​​

​Contact the RETC Team:
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