Bill > HB3747

This bill establishes a refundable income tax credit for Oregon residents who purchase solar photovoltaic electric systems and battery energy storage systems for personal, noncommercial use. The credit amounts are $1,000 for a solar photovoltaic electric system, $2,500 for a battery energy storage system, and $3,500 if both are purchased together, with the condition that the battery storage system must be paired with the solar system at the time of installation. The tax credit applies to tax years beginning between January 1, 2026, and January 1, 2032, and will be administered by the State Department of Energy, which will create a form for taxpayers to substantiate their eligibility. If the total credit amount exceeds the taxpayer's tax liability, the excess will be refunded. The bill also provides pro-rated credit amounts for nonresident taxpayers based on their residency status. The legislation is designed to incentivize residential adoption of solar and energy storage technologies by offering financial support through the tax credit system.

Agriculture and Natural Resources, Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3747