Colorado Passes Eight Renewable Energy and Energy Efficiency Bills
May 24, 2007
Colorado Governor Bill Ritter has signed eight bills that address various facets of renewable energy and energy conservation. The legislation encompassed financial incentives for energy efficiency programs, renewable energy tax credits, transmission, biofuels, net metering, and recycling. One bill instructs the Governor's Energy Office to fund carbon sequestration, greenhouse gas mitigation, and energy resource studies.
On May 22, Colorado Governor Bill Ritter signed House Bill (HB) 1037, which directs the Colorado Public Utilities Commission to establish energy saving goals and provide financial incentives for utility energy efficiency programs. The programs will educate consumers and provide incentives to residents and businesses to implement conservation measures, including rebates on energy efficient appliances. Utility energy efficiency programs must produce benefits that exceed their costs. The legislation is expected to save households and businesses between $600 million and $1.2 billion.
On May 23, Ritter signed the following bills:
- HB 1279 — Renewable Tax Credits. Among other things, this bill gives tax credits for purchasing wind generating equipment and tax refunds for research and development equipment.
- HB 1150 — Transmission Bonding. Gives the Colorado Clean Energy Development Authority the power to finance transmission infrastructure for clean energy.
- HB 1060 — Bringing Biofuels to Market. Establishes a matching grant program for bioscience research.
- HB 1169 — Net Metering. Ensures compliance with interconnection standards and insurance requirements.
- HB 1288 — Recycling. Part of this bill requires the assessment of opportunities to generate renewable energy from discarded waste. One of the justifications of the bill is that recycling saves energy.
- HB 1203 — Energy Management Conservation Studies. Directs the Governor's Energy Office to fund two projects. In one project, Colorado State University will assess the potential for carbon sequestration and greenhouse gas mitigation for each county. In the other, the University of Colorado will conduct an energy profile to provide data and analysis regarding the state's current and projected energy resources.
To read more information about renewable energy and energy efficiency projects in Colorado, see:
- Colorado news published on the EERE Web site.
- Brief project descriptions from the Colorado Energy Office published in the EERE State Energy Program newsletter, Conservation Update.
- Colorado publications listed in the EERE State Publications Database.