Commerce offers incentives and grants to building owners who are required to comply with the Oregon Buildings Performance Standard (Oregon BPS). Oregon House Bill 3409 directs the Oregon Department of Energy to establish an early compliance incentive program. $2 million (for round 1, $12M total) in state funding has been allocated to this program to help building owners offset costs associated with compliance, such as energy benchmarking and reporting or performing an energy audit.
Tier 1 and Tier 2 building owners may receive an incentive of up to $0.85 per square foot of gross floor area with caps of $10,000-$50,000 per building based on building type and size. Compliance isn’t optional, it’s a requirement.
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The Oregon Building Performance Standard (Oregon BPS) is a mandatory program that aims to bring
awareness about building energy use to owners of existing commercial buildings, and to reduce
energy use and utility costs for less efficient buildings.
The State of Oregon adopted new energy performance requirements for commercial and multifamily buildings. These are in addition to Portland’s commercial energy reporting requirements; here is what commercial property owners need to know.
All public and privately owned buildings, which meet the definition of a Tier 1 or Tier 2 covered building are subject to the requirements of the Buildings Performance Standard.
Compliance with the Buildings Performance Standard is different depending on the size of your building. Tier 1 is buildings greater than 35,000 sf. Tier 2 is buildings greater than 20,000 sf to 35,000 sf and all multifamily buildings greater than 20,000 sf.
For more information on Oregon BPS Tier 1 requirements visit Oregon State Department of Commerce
For more information on Oregon BPS Tier 2 requirements visit Oregon State Department of Commerce