Energy Trust Incentives
Energy Trust offers the following cash incentives for investing in geothermal electricity generation systems:
Project Development Assistance: Energy Trust may provide support for expert project development assistance including, but not limited to the following: grant writing assistance, feasibility studies, final design, permitting, utility interconnection, construction management, etc. Energy Trust may pay up to 50% of the cost of hiring a consultant to provide expert assistance for these activities, up to a maximum of $40,000.
Geothermal electric installations: Energy Trust may provide incentives to help pay for geothermal electric projects. The amount of funding we may provide is based on a project’s above-market costs. Projects applying for more than $150,000 and located in Pacific Power service territory or planning to sell electricity to Pacific Power must compete for Energy Trust funding. All other projects are reviewed on a first-come, first-served basis subject to budget availability.
All incentives are paid after a project is completed and has begun operating. In return for our funding contribution, we ask for a negotiated share of the project’s Renewable Energy Certificates, which are held in trust for the ratepayers who contribute to Energy Trust.
Tax Credits, Grants and Loan Guarantees
State and federal tax credits, grants, and loan guarantees can play an important role in making projects financially viable. Consult your tax professional to learn how tax credits and rules apply to your project. This information does not constitute tax advice and cannot be used to avoid tax penalties. Read more about these opportunities.
All projects must be less than 20MW in nameplate capacity and must deliver power to either Portland General Electric or Pacific Power in Oregon.
Projects that would deliver power to Pacific Power and that are requesting an Energy Trust incentive greater than $150,000 must compete for Energy Trust funding. For more information about eligibility and the competitive funding process, contact Betsy Kauffman at 503.459.4072.
Incentives are not intended to influence consumer decisions on fuel sources.
Step 1: Let’s talk. If you have a geothermal resource and are interested in using it to generate electricity, contact Betsy Kauffman at 503.459.4072.
Step 2: Get the help you need. Depending on your project’s complexity, you may need to commission a feasibility study or get expert assistance to move through permitting or utility interconnection. Energy Trust may provide up to $40,000 in support for these and other types of project development activities, and we can help you identify engineers or other experts with experience in the area where you need assistance.
- To apply for this kind of assistance from Energy Trust, applicants must complete and submit an Energy Trust Project Enrollment Application (Form 910E – PDF | Doc), a Request for Funding (Form 930RF – PDF | Doc) and a Substitute W-9 (PDF).
- If the application is approved, the participant will receive a "Project Enrollment Approval Notice" and a copy of the approved funding request from Energy Trust.
- If you are chosen to receive assistance from Energy Trust, you and your selected consultant will work together to complete the pre-approved work by its deadline.
- After the work is completed, the participant submits a Completion Certification (Form 940C – PDF| Doc) along with proof that the work was completed and the consultant was paid in full.
Step 3: Once your project is well along in the development process, the next step is to apply for an incentive from Energy Trust. Projects applying for more than $150,000 and located in Pacific Power service territory or planning to sell electricity to Pacific Power must compete for Energy Trust funding. All other projects are reviewed on a first-come, first-served basis subject to budget availability. In all cases, a complete project application must be received before construction begins. Incentives are paid after a project is completed. In most cases, Energy Trust makes payments over the first few years of a project's operating life, contingent upon its electricity production.
To apply for an incentive, contact Betsy Kauffman at 503.459.4072 to request a project application.
Use the following project enrollment forms to apply for Energy Trust geothermal incentives. For more information, email Betsy Kauffman or call 503.459.4072.
Project Development Assistance Forms
- Form 910E (PDF | Doc): Project Enrollment Application
- Form 930RF (PDF | Doc): Request for Funding
- Form 940C (PDF | Doc): Completion Certification
- Substitute W9 (PDF)
Forms for Geothermal Project Installations