Oregon’s new Building Performance Standards (BPS) are now in effect, setting phased energy targets for commercial and institutional buildings.
Although the first compliance deadline is not until 2028, building owners should prepare now, as the Oregon Department of Energy (DOE) has just finalized its rules regarding the incentive program for early compliance. A competitive incentive application process is expected to open soon, with a short 45-day window.
Key Takeaways:
- Tier 1 buildings must meet performance targets between 2028 and 2030; Tier 2 buildings begin reporting in 2028.
- Incentives offer up to 85¢/sq ft for Tier 1 and 35¢/sq ft for Tier 2, capped at $50K and $35K.
- Priority goes to rural, high-use, multi-tenant, and affordable multifamily properties.
- Applications require detailed energy data and documentation of compliance efforts.
Read the full article here to see how early action could translate into real savings.