Colorado Clean Energy Fund

Colorado Clean Energy Fund is sponsored by Coalition for Green Capital. A nonprofit financial institution that utilizes mission-driven capital to fill financial gaps in Colorado’s clean energy markets.

Colorado Clean Energy Fund — Green Bank Movement Filling Gaps by Building Bridges Flexible Approach to Implementation Region Specific Solutions The Green Bank Movement Tomorrow Colorado Clean Energy Fund Incorporated as a 501(c)(3) nonprofit, then received initial funding from the State of Colorado in 2021 after the passage of Senate Bill 21-230 and its signing by Colorado Governor Jared Polis.

The Colorado Clean Energy Fund (CCEF) was born out of a three-year collaboration among the Colorado Energy Office (CEO), the Department of Energy (DOE) and the Coalition for Green Capital (CGC). CCEF was incorporated as a Colorado non-profit and former Colorado Governor John Hickenlooper announced the formation of the fund in December 2018.

CCEF is based on the Green Bank operating model successfully deployed in other states, but it is customized to address the unique challenges to financing clean energy projects in Colorado.

-spent the last 18 months developing its critical go-to-market strategy, products, and business model for the Fund Colorado began its exploration of the Green Bank with a study funded by a competitive grant from the U.S. Department of Energy’s State Energy Program.

The Colorado Energy Office (CEO), CGC, and other partners explored the viability of various creation pathways and determined that a nonprofit model for Green Bank operations was the most promising. CGC incorporated a nonprofit called the Colorado Clean Energy Fund (CCEF) to act as the state’s Green Bank.

Colorado Governor John Hickenlooper then announced CCEF as the state Green Bank in December 2018 A portfolio of loan products to help residential, commercial, industrial, agricultural, municipal, affordable housing and nonprofit borrowers to adopt clean energy solutions Under the programs created, CCEF engages contracts and lenders to equitably expand access to green solutions.

They help applicants find contractors and connect them with a partner lender. Prioritize underserved and vulnerable communities, Alleviate energy burden, Maximize green energy, Reduce greenhouse gas emissions.

products and programs address gaps between Coloradans and loan availability or approval, giving everyone equal access to the funding they need to make clean energy improvements in their homes and businesses Residential Project Example: Colorado RENU provides Easy Access to Energy Upgrades for Homeowners and Contractors with easy and affordable options to achieve energy upgrades by offering low-cost, long-term financing for energy efficiency and renewable energy improvements.

Loan Amount: Up to $75,000 Term: Up to 20 years; no money down Rate: Low, fixed interest rate Repayment: Monthly principal and interest payments; no prepayment penalties Energy-efficient Appliances Financing list can be found here Commercial Project Example: CCEF recently completed a large loan towards a historic school renovation project in Brush, Colorado.

The Fund was motivated to help catalyze energy efficiency upgrades for the project, known as Brush Central Village, as the site will ultimately provide affordable housing units in an area of the state that currently has a limited supply.

Energy Efficiency Windows SUN Solar Co-op Solar Equity Loan: Colorado Clean Energy Fund is collaborating with Solar United Neighbors (SUN) to support SUN’s Colorado-based Solar Co-op programs to provide a Solar Equity Loan. CCEF is able to assist participating Solar Co-op homeowners with low-cost financing for rooftop solar. Ex.

Homeowners earning less than 100% of the area median income. Renewable Energy Feasibility Study Costs Engineering & Design Expenses Construction & Installation Costs Program, Permit & Closing Fees HQ ADDRESS: Denver West Business Park EMAIL: Only through a portal on their website