What does BETC stand for?

The Business Energy Tax Credit program, created in 1979 and expanded three years ago, allows renewable energy companies to receive a state tax credit for up to half the cost of a new power-generating plant.

Remaining funds will come from the Energy Trust and the Oregon Department of Energy s Business Energy Tax Credit program.

For example, residential developers could avail themselves of the following state financing resources: In Oregon, the Business Energy Tax Credit ("BETC") is the state's largest funding source for energy efficient and sustainable building projects.

The Oregon Business Energy Tax Credit covers 50 percent of the cost.

And when you add in business energy tax credits and other incentives, today's worth comes to about $3.

The state provided its Business Energy Tax Credit as a means to attract the two companies.

In addition to providing engineering and construction support, PGE also helped Schnitzer apply for financial incentives from the Energy Trust of Oregon and a Business Energy Tax Credit from the Oregon Department of Energy.

Tax credits popular Many of Oregon's solar companies said they were drawn in by the state's package of goodies, including reasonably priced vacant semiconductor plants and their skilled ex-workers; inexpensive, reliable electrical power; access to higher-education researchers and work force training; proximity to the massive California solar market; and incentives, including the state's Business Energy Tax Credit (BETC) program, known as "Betsy.