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Colorado

Colorado

Incentives/Policies for Renewables & Efficiency

Printable Version
Direct Lending Revolving Loan Program   

Last DSIRE Review: 11/13/2012
Program Overview:
State: Colorado
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Unspecified Technologies
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Other Distributed Generation Technologies
Applicable Sectors: Commercial, Industrial, Nonprofit
Amount:Minimum loan amount of $100,000
Funding Source:The American Reinvestment and Recovery Act of 2009
Program Budget:$16,265,165
Web Site: http://www.colorado.gov/cs/Satellite/GovEnergyOffice/CBON/1251599...
Summary:

The Colorado Energy Office is using money allocated to the state from the federal American Recovery and Reinvestment Act of 2009 to provide financing to "eligible and extraordinary projects that promote energy efficiency or renewable energy". The program is intended to fill gaps in financing opportunities and provide capital to companies and projects not capable of securing financing from the private sector.

Financing obtained through this program can be used for a wide array of projects. Eligible projects include* but are not limited to:

  • Significant energy retrofits of buildings
  • Direct support for companies directly involved in the renewable energy sector
  • Other projects that meet the goals of the program

Businesses interested in receiving financing through this program must first submit an application to either the Colorado Energy Office (CEO) or the Colorado Housing Finance Authority (CHFA). Potential applicants, however, are encouraged to contact the CEO before submitting an application for an initial assessment of their project. Applications will be assessed according to the criteria described on the website above.

 

* An expansion to the scope of this program is currently under consideration, and would extend financing to companies in the conventional fuel space that are employing innovative technologies to produce energy in a more efficient and responsible manner.

 


 
Contact:
  Tim Dolan
Colorado Housing Finance Authority
1981 Blake Street
Denver, CO 80202
Phone: (303) 297-7318
Phone 2: (800) 877-2432
Fax: (303) 291-5709
E-Mail: tdolan@chfainfo.com
Web Site: http://www.chfainfo.com
 
  Paul Scharfenberger
Colorado Energy Office
1580 Logan Street
Suite 100
Denver, CO 80203
Phone: (303) 866-2432
E-Mail: paul.scharfenberger@state.co.us
Web Site: http://www.colorado.gov/energy
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.