Business Tax Credit: A Business Energy Tax Credit is available for the purchase of hybrid electric vehicles (HEVs) and dual-fuel vehicles, the cost of converting vehicles to operate on an alternative fuel, and the cost of constructing alternative fuel refueling stations. The tax credit is 35% of the incremental cost of the system or equipment and is taken over five years. For more information, please contact Justin Klure of the Oregon Department of Energy at (503) 373-1581, via email at justin.klure@state.or.us, or visit the Web site at www.energy.state.or.us.
Residential Tax Credit: A Residential Tax Credit of up to $1,500 is available for the purchase of a HEV or dual-fuel vehicle. A credit is also available for the purchase of an OEM alternative fuel vehicle, and the cost of converting vehicles to operate on an alternative fuel. For more information, contact Deby Davis of the Oregon Department of Energy at (503) 378-8351, via email at deby.s.davis@state.or.us, or visit the Web site at: http://www.energy.state.or.us/trans/hybridcr.htm