Energy Trust of Oregon’s Existing Buildings team is excited to announce increased custom incentive rates for commercial and multifamily properties in 2024.
Oregon
Rates for eligible custom and retrocommissioning projects at commercial and multifamily sites in Oregon will increase as shown in the table below effective January 1, 2024:
| Oregon Custom Incentives | 2023 Incentives | 2024 Incentives |
|---|---|---|
| Projects with qualifying electric savings | $0.22 per kWh | $0.45 per kWh |
| Projects with qualifying gas savings | $3 per therm | $5 per therm |
| % of cost covered by incentives | 80-100% | 90% |
Energy Trust will provide incentives up to 90% of eligible project costs for both custom and retrocommissioning (RCx) projects. Qualifying custom projects in Oregon can receive up to $750,000 per project, starting in 2024.
SW Washington
Rates for eligible custom and retrocommissioning projects at commercial and multifamily sites in Southwest Washington will increase as shown in the table below effective January 1, 2024:
| Oregon Custom Incentives | 2023 Incentives | 2024 Incentives |
|---|---|---|
| Projects with qualifying gas savings | $1.80-$3 per therm | $5 per therm |
| % of cost covered by incentives | 80-100% | 90% |
Energy Trust will provide incentives for Washington custom projects up to 90% of eligible project costs for custom and retrocommissioning (RCx) projects. Qualifying custom projects in Southwest Washington can receive up to $75,000 per project or phase.
These incentive rates will be in effect for all custom offers given on or after January 1, 2024.
To review the custom project process, including eligibility requirements and steps to complete, please view the incentive pages below:
- Oregon Commercial Cash Incentives – Custom
- Oregon Multifamily Cash Incentives – Custom
- Washington Cash Incentives – Custom
For help with questions regarding Existing Buildings custom incentives, please contact Heath Heiberg, Existing Buildings Trade Ally Manager, at hheiberg@trccompanies.com.