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STATE FUNDING The most current information regarding possible funding and grant opportunities can be found on the Governor’s Energy office (GEO) website (http://www.colorado.gov/energy/). This website should be checked periodically to keep up to date on the possible opportunities available in Colorado. The GEO also recommend signing up for the GEO newsletter which will provide updates on announcements. To keep updated on the American Recovery and Reinvestment Act (ARRA) funding opportunities available this webpage (http://www.colorado.gov/energy/index.php?/policy/category/recovery-act/) should be checked periodically - Below is a very broad summary of some of the opportunities that are available. State Energy Program The ARRA presents an extraordinary opportunity for Colorado. The objectives of the Act are job creation, energy resource development, and greenhouse gas reduction. The Governor’s Energy Office submitted a plan in May to the USDOE on how they would like to utilized $49.2 million. To access the Governor’s Energy Office Strategic Goals and Objectives for the American Recovery and Reinvestment Act Funding of the State Energy Program follow the link below. http://www.colorado.gov/energy/images/uploads/pdfs/GEO_ARRA_Program_Goals_and_Objec tives.pdf. The plan divides the funds into the seven categories with the planned distribution percentages listed below: Capital Investment Grants and Revolving Loan Funds – 42% Renewable Energy Development and Expansion – 21% Commercial Building Programs – 11% Green Government – 1% Utilities and Transmission – 3% Public Information and Outreach – 10% Residential Programs – 12% The first listed category will be for the purpose of providing a suite of products to reduce financial barriers to rapid development of renewable energy and energy efficiency. This seems to be the best fit for the Glenwood Springs project for possible state funding. It includes Debt Financing, Revolving Loans Fund, Renewable Energy Finance (CREBs and QEBCs), New Energy Economy Development Grants (NEED) and Colorado Center for Renewable Energy and Economic Development (CREED) instruments. The two items listed under Renewable Energy Finance are briefly summarized below. Qualified Energy Conservation Bonds (QECB) help the Governor’s Energy Office (GEO) with bonding and complement the ARRA. Their effective date is August 5, 2009; they have been created by the Energy Improvement and Extension Act of 2008. The ARRA increased the QEBC appropriation for Colorado to $51,244,000. QEBC finances green community programs, but 30 percent can be used to finance private sector activities. QEBCs can be used for any project that qualified for a CREB, projects that reduce energy consumption in public buildings by at least 20%, green community programs, rural RE projects, and Demonstration projects. 50PDF Image | GEOTHERMAL RESOURCES GLENWOOD SPRINGS, COLORADO
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