New Year, New Tax Credit Rates | goingductless.com
Find utilities

Select YOUR Electric Utility for Information Specific to Your Area

New Year, New Tax Credit Rates


Posted: Dec 09, 2015

Everything you (and your customers) need to know about amendments to the Oregon Residential Energy Tax Credit (RETC) that go into effect on January 1, 2016

The Oregon Department of Energy recently announced RETC amendments to tax credit categories and qualifications for ductless heating and cooling systems.

2016 RETC Amendment Details

Starting January 1, 2016, ductless systems will require a minimum HSPF of 10.0 in order to qualify for the Oregon RETC. Models with an HSPF of 10.0 to 11.9 will still qualify for an incentive of up to $1,200, and systems of 12.0 and higher will still qualify for up to $1,300. The incentive for systems with an HSPF of 9.0 to 9.9 expires after December 31, 2015.

Be sure to communicate these changes, along with potential utility incentives, to your customers. Let your customers know they should consult a tax professional to determine eligibility.

Learn more >

Please contact us for more information.