(1) A certificate issued under ORS § 469B.291 is required for purposes of obtaining tax credits in accordance with ORS § 315.331. Except as otherwise provided in ORS § 469B.298, such certification shall be granted for a period not to exceed five years. The five-year period shall begin with the tax year of the applicant during which the completed application for final certification of the project under ORS § 469B.291 is received by the State Department of Energy. If required by the department in a performance agreement, the project owner shall seek recertification during the five-year period, as provided in ORS § 469B.298.

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(2) If the original owner of the certificate uses any portion of the credit, the certificate becomes nontransferable.

(3) For a transferee holding a credit that has been transferred under ORS § 469B.276, the five-year period shall begin with the tax year in which the transferee pays for the credit. [2011 c.730 § 47; 2015 c.545 § 7]

See note under 469B.276.