Boulder County offers 'green' commercial loans
County offers 'green' commercial loans
via Boulder County Business Report
A Boulder County program offering low-interest loans for energy
efficiency and renewable energy upgrades is now open to commercial
property owners.
County officials said there is $12 million available to the commercial
real estate sector within Boulder County and its cities through the
ClimateSmart Loan Program. Applications are due by March 15.
The program provides full financing at a discounted rate for more than
40 different energy efficiency and renewable energy upgrades. The
county was authorized to issue up to $40 million in bonds - ultimately
funded by outside investors - to support the program after voters
passed ballot issue 1A in November 2008.
In 2009, Boulder County allocated 612 ClimateSmart loans worth about
$9.8 million to the residential real-estate sector. This will be the
program's first foray into the commercial sector.
Financing obtained through the ClimateSmart Loan Program is repaid by
the property owner during a 15-year period. Payments are made via a
special assessment that is included with the annual property tax bill,
tying the loans to the actual energy improvements and not to individual
owners.
For more information, visit:
http://ClimateSmartLoanProgram.org