Oregon Incentive Compensation Plan
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How to fill out Incentive Compensation Plan?
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?$1.80 per watt (DC) of installed capacity, up to 60% of the net cost* or $5,000, whichever is less. ?$0.20 per watt (DC) of installed capacity, up to 40% of the net cost or $5,000, whichever is less.
Solar electric incentive rebate program If you're a customer of Portland General Electric (PGE) or Pacific Power, you're eligible for Oregon's solar electric incentive program, which pays you an upfront rebate of either $1,200 (PGE) or $900 (Pacific Power).
In 2023, you'll be able to claim a tax credit up to $600 for electrical panel upgrades. This tax credit does not count against the tax credit up to $2,000 for a new energy efficient heat pump or the solar tax credit that covers up to 30% of the cost for rooftop solar and battery storage.
Cash Rebates: Cash rebates are paid to production companies directly by the state, usually as a percentage of the company's qualified expenses. Grant: Grants are distributed to production companies by three states and the District of Columbia.
In 2009, incentives-related spending by film companies in Oregon was $61 million; in 2011, that spending more than doubled to $130 million. Employment associated with filmmaking in the state has been on the upswing as well, increasing by 30 percent from 2003 to 2008?from 3,069 to 4,225 workers.
The Oregon Production Investment Fund (?OPIF?) offers qualifying film or television productions spending more than $1 million in Oregon, a 25% cash rebate on production-related goods and services paid to Oregon vendors, and a 20% cash rebate of pay rolled wages paid for work done in Oregon.
States across the country subsidize companies that make movies, TV shows, and even commercials. The practice has become so prevalent that nearly every major production receives public money. The most common forms of financial assistance are transferable tax credits and sales and use tax exemptions.
Today, at least 35 states, DC, Puerto Rico, and the U.S. Virgin Islands offer tax incentives for film production, but at the peak in 2010, 45 states, Washington D.C., and Puerto Rico offered them. After the Great Recession, many states began paring back these incentives to save money.