BETC applications flooding in

BETC applications flooding in

The Oregon Department of Energy received 440 applications for the final awards of the Business Energy Tax Credit program.

That’s the number that inched in under the Nov. 1 deadline to apply for credits before the program’s sunset date, Jan. 1, 2013. Despite the seemingly high total, the 440 applications represent only 21 percent of the projects eligible for BETC awards at the end of 2012. Others failed to pursue tax credits for a variety of reasons, including failing to follow up, missing the deadline, and a tough economy that probably prevented some projects from ever being built.

The once-generous BETC program was downsized by the Oregon Legislature in 2011.

Read more at Sustainable Business Oregon.

{biztweet}betc{/biztweet}