Energy Trust Incentives
Energy Trust offers the following cash incentives for investing in biopower 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.
Biomass-to-energy installations. Incentive levels are based on a project’s above-market costs. There is no cap or fixed percentage of the amount of above-market costs we will pay. In return for our 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 Dave Moldal at 503.445.2476.
Incentives are not intended to influence consumer decisions on fuel sources.
If your facility is exploring technology to generate electricity from organic materials, follow these steps:
Step 1: Let’s talk. If you have a biomass resource and are interested in using it to generate electricity, contact Dave Moldal at 503.445.2476.
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, for example to move through the permitting or utility interconnection process. 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. Additional project development assistance resources up to $150,000 per project may be available on a competitive basis.
- 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) and a Request for Funding (Form 930RF – PDF | Doc).
- 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. The participant will also be required to submit a Substitute W-9 (PDF) at that time.
- 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 must submit documentation (described in the 930RF) including 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 installation incentive from Energy Trust. A complete Renewable Energy Project Installation Application must be received before construction begins. For projects that receive funding, payment begins upon project completion. 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 Dave Moldal at 503.445.2476.
Use the following project enrollment forms to apply for Energy Trust biopower incentives.
Project Development Assistance Forms
- Form 910E (PDF | Doc): Project Enrollment Application
- Form 930RF (PDF | Doc): Request for Funding