Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 316 - PERSONAL INCOME TAX GENERAL PROVISIONS
Section 150-316-0130 - Credit for Installation of Alternative Energy Devices

(1) As provided by ORS 469B.103, the Oregon Department of Energy administers provisions related to the eligibility, verification and certification of an alternative energy device for purposes of the tax credit under ORS 316.116. Refer to ORS 469B.100 through 469B.118 and Oregon Administrative Rules 330-070-0010 through 330-070-0097 or contact the Department of Energy for additional information.

(2) Each taxpayer that qualifies for the credit may apply the allowable credit to the current year's tax liability. Any unused credit balance may be applied to the following year's tax liability for up to five successive years. If two or more taxpayers qualify for the credit, they must apportion the allowable credit between them based on their investment in the device or ownership in the property.

(3) No adjustment to the basis of property is required as a result of claiming a credit for an alternative energy device.