Last DSIRE Review: 02/05/2010
Program Overview:
| State: |
Colorado |
| Incentive Type: |
Local Loan Program |
| Eligible Efficiency Technologies: |
Water Heaters, Lighting, Furnaces , Boilers, Air conditioners, Heat recovery, Programmable Thermostats, Duct/Air sealing, Building Insulation, Windows, Doors, Roofs |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps, Wood Stoves, Solar Pool Heating |
| Applicable Sectors: |
Commercial, Residential, Multi-Family Residential, Low-Income Residential |
| Amount: | Residential: $3,000 - $50,000
Commercial: $3,000 - $210,000 | | Maximum Incentive: | 20% of the statutory actual value of the property on which the equipment will be installed, or $50,000 (res) and $210,000 (comm), whichever is less.
$15,000 is available for income qualified loans, which can be supplemented with open category loans, subject to the $50,000 maximum. | | Terms: | Loans are repaid over 15 years as a special assessment on the homeowner's property tax bill
Interest/Assessment rates will not exceed 6.75% for income qualified loans and 8.75% for open loans. |
| Web Site: |
http://www.bouldercounty.org/bocc/cslp/cslpintro.html
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Summary:
Voters in Boulder approved Ballot Issue 1A in November 2008, authorizing Boulder County to issue bonds for the purpose of providing special financing options for renewable energy and energy efficiency improvements to homes in the county. All of the local governments in Boulder County have authorized the city to provide loans to home owners which will then be repaid through a special assessment on their property tax bills. Tax payers can pay two equal half payments due on the last day of February and on June 15th, or the whole payment on April 30th. Either the amount due for the year or the entire loan amount can be paid at these times.
After a successful first round of residential funding, Boulder is making plans for the second round of residential funding, and applications are expected to be available uin mid-April 2010. Additionally, Boulder launched its first round of commercial funding in January 2010. Commercial property owners can apply for up to $210,000 in funding through the program.
The loan can be used to finance a wide variety of efficiency and renewable energy projects on homes in Boulder County. Residential applicants must pay a $75 non-refundable application fee, and obtain written estimates or bids with a "not to exceed" clause prior to applying. Income qualifying loans, for those making up to 115% of area median income, are restricted to primary residences and will receive lower interest rates and annual assessments.
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