Colorado
Summary
The Colorado Energy Office (CEO) announced $7.3 million in awards through the third cycle of the Colorado Geothermal Energy Tax Credit Offering (GETCO) Thursday. This competitively awarded, refundable tax credit will support four thermal energy network projects in the state, including a feasibility study and three installations. Awardees include local governments, a school district, and a local business. To date, Colorado has successfully awarded a total of $23.2 million as part of the state’s nation leading efforts to deploy innovative geothermal technology for both heating and cooling and electricity generation, including $13.8 million from GETCO and $9.4 million from the Geothermal Energy Grant Program (GEGP). Funding for GETCO comes from HB23-1272 Tax Policy That Advances Decarbonization, sponsored by Representatives Mike Weissman and Junie Joseph, Senator Lisa Cutter, and former Senator Steve Fenberg; and signed by Governor Polis. “Colorado is at the forefront of using the heat beneath our feet to heat our homes and save Coloradans money. Geothermal is the future, and by tapping into this natural renewable resource, we are able to provide innovative clean energy technology to our businesses, schools, and local governments, while improving our air quality, decreasing pollutants, and saving people money,” said Governor Polis.
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#News#GeothermalandGeo-Exchange#DistrictHeating