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Incentives/Policies for Renewables & Efficiency

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Renewable Energy and Energy Efficiency for Schools Loan   

Last DSIRE Review: 06/23/2014
Program Overview:
State: Colorado
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Equipment Insulation, Central Air conditioners, Duct/Air sealing, Building Insulation, Comprehensive Measures/Whole Building
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Biomass, Small Hydroelectric, Renewable Fuels, Other Distributed Generation Technologies
Applicable Sectors: Schools
Amount:Competitive bidding process
Maximum Incentive:$1,000,000 per school district
Terms:Maximum 15-year loan term
Funding Source:Colorado Education Fund
Web Site:
Authority 1:
C.R.S. ยง 22-92-101 et seq.
Authority 2:
Date Enacted:
Date Effective:
S.B. 14-202

The Renewable Energy and Energy Efficiency for Schools (REEES) Loan Program was created in 2009 to provide low-interest loans to school districts for the purpose of installing renewable energy systems and purchasing energy efficient school buses. The program was amended in May 2014 via S.B. 14-202 to broaden the scope of eligible energy efficiency projects to include all projects that result in a more efficient use of energy or resources, including water conservation projects. Eligible types of renewable energy include wind, solar, biomass, small hydro, and “other sources of renewable energy.”

Renewable energy project loans are provided to qualified school districts on a competitive basis. School districts are eligible to use loans for renewable energy projects that have third-party ownership or include interest in a community solar garden. Although a charter school is not directly eligible to receive a loan, its authorizing school district can apply for a loan on its behalf.

The maximum loan a school district can receive is $1,000,000, and the maximum loan term is 15 years. The semi-annual application cycle closes on October 31 and April 30 each year.

Applications that meet the criteria for completeness and financial feasibility are ranked on the following three criteria (with corresponding weights):

  • energy cost reductions (30%),
  • technical merit (40%), and
  • educational benefit (30%).

Loan recipients must submit quarterly progress reports and a final project report to the Office of Energy. More information on the program including program rules and applications are available on the program website. 

  Michael Turner
Colorado Energy Office
1580 Logan Street, Suite 100
Denver, CO 80203
Phone: (303) 866-6665
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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 2014 - 2015 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.