HB 3747
Establishes a refundable income tax credit for the purchase of battery energy storage systems and solar photovoltaic electric systems.
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Sign in to take actionPublic sentiment
Support
91%
Oppose
9%
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a refundable income tax credit in Oregon for individuals who purchase battery energy storage systems and solar photovoltaic electric systems. The credit is available for tax years beginning in 2026 and lasting until 2032. The amount of the credit varies depending on whether the taxpayer purchases only a solar system, only a battery system, or both, with a maximum of $3,500 for a combined purchase.
Key provisions
- Provides a refundable income tax credit for solar photovoltaic electric systems.
- Provides a refundable income tax credit for battery energy storage systems.
- The credit is $1,000 for a single solar photovoltaic electric system.
- The credit is $2,500 for a single battery energy storage system.
- The credit is $3,500 for both a solar photovoltaic electric system and a battery energy storage system.
- A battery energy storage system must be paired with a solar photovoltaic electric system at the time of installation to qualify for the credit.
- The State Department of Energy will administer the credit and provide a form for taxpayers to substantiate their eligibility.
- Nonresidents are eligible for the credit proportionally to their Oregon tax liability.
Who is affected
- Taxpayers
- Homeowners
- Renewable energy system purchasers
- Energy consumers
Notable changes
Sponsors
Official sponsors from legislative records.
Primary sponsors
Cosponsor
Arguments in favor
Reasons to support this legislation.
Supporters of HB 3747 agree that establishing a refundable income tax credit for the purchase of battery energy storage systems and solar photovoltaic electric systems would promote adoption of renewable energy in Oregon. They believe this financial incentive would provide predictability and certainty, enabling individuals and businesses to invest in clean energy solutions, particularly those who cannot afford recent utility rate hikes. By making solar energy more accessible to Oregonians of all income levels, the credit would reduce financial barriers and support local jobs, ultimately contributing to a more sustainable future for the state.
Source: Testimony Summaries
Arguments opposed
Reasons to oppose this legislation.
Several ed concerns about the proposed program, citing existing incentives and similar initiatives by the Energy Trust as sufficient alternatives. They argue that duplicating efforts may be unnecessary and wasteful, particularly given the limited scope of the new program's benefits. Additionally, some testifiers suggested that the program's focus on energy efficiency may not effectively address broader energy policy goals, and that alternative approaches could provide more comprehensive solutions to meet national energy objectives.
Source: Testimony Summaries