Direct Lending Revolving Loan Program (Colorado)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Direct Lending Revolving Loan Program|
|Incentive Type||State Loan Program|
|Applicable Sector||Commercial, Industrial, Nonprofit|
|Eligible Technologies||Solar Water Heat, Photovoltaics, Wind, Other Distributed Generation Technologies, Yes; specific technologies not identified|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Amount||Minimum loan amount of 100,000|
|Program Administrator||Colorado Housing Finance Authority|
|Date added to DSIRE||2010-12-08|
|Last DSIRE Review||2014-07-17|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
The Colorado Energy Office (CEO) provides financing to "eligible and extraordinary projects and companies 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. The Loan Committee uses a range of criteria to evaluate loan applicants and projects, including:
- financial strength of an applicant,
- job creation potential,
- reduction in consumer costs,
- energy security,
- environmental stewardship,
- addressing financing gaps, and
- leveraging potential.
Borrowers interested in receiving financing through this program must first submit an application to either the CEO or the Colorado Housing Finance Authority. Potential applicants, however, are encouraged to contact the CEO before submitting an application for an initial assessment of their project.
|Contact Name||Tim Dolan|
|Department||Colorado Housing Finance Authority|
|Address||1981 Blake Street|
|Phone 2||(800) 877-2432|
|Contact Name||Paul Scharfenberger|
|Department||Colorado Energy Office|
|Address||1580 Logan Street|
|Address 2||Suite 100|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.