Oregon Revised Statutes Public Health and Safety § 469B.270

(1) “Cost” means the capital costs and expenses necessarily incurred in the acquisition, erection, construction and installation of an energy conservation project.

(2) “Energy conservation project” means any capital investment for which the first year energy savings yields a simple payback period of greater than three years. “Energy conservation project” does not include:

(3) “Four globes” means the highest of four tiers of ratings for certification in the Green Globes program rating system.

(4) “Green Globes program” means a building guidance and assessment program to advance overall environmental performance and sustainability of commercial buildings established by the Green Building Initiative.