Energy Savings Mortgage Program Signed Into Law

(May 28) – HB13-1105, sponsored by Reps. Mike Foote (D-Lafayette) and Max Tyler (D-Lakewood), was signed into law today by Gov. Hickenlooper. The bill creates a voluntary program to strengthen consumer demand for energy efficiency improvements in Colorado’s housing market by offering short-term incentives for high-performing new homes and energy retrofits of existing homes.

“This is generating a lot of excitement in the marketplace,” Rep. Tyler said. “It will drive demand for energy-efficient homes and help our housing and clean-tech industries grow and create jobs.”

The bill was crafted with feedback from mortgage lenders and received the support of the Colorado Banking Association. Participating lenders will provide matching funds to double the value of the state’s investment.

“This bill is a win-win-win,” Rep. Foote said. “Clean-energy jobs will get a boost, consumers will see lower energy costs and Colorado will benefit from cleaner air, water and land.”

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