Oregon Department of Energy approved tax credit transfer again

Oregon Department of Energy approved tax credit transfer again

The department approved the transfer of a $10 million business energy tax credit for an abandoned solar project.

Energy Department staffers agreed last week to transfer the project's eligibility for a tax credit to Portland-based Cycle Power Partners. It was the latest in a string of efforts by agency staffers to extend a massive taxpayer subsidy to a solar project in the area, and by a series of would be solar developers to capture that incentive.

Read more at OregonLive.com