Minimum loan amount of 100,000
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.