Energy Savings Mortgage Program Takes First Step

(Feb. 27) – A bill to create a program to incentivize energy efficiency improvements within the Colorado housing market passed the House Transportation & Energy Committee today by a vote of nine to four.

HB13-1105, sponsored by Reps. Mike Foote (D-Lafayette) and Max Tyler (D-Lakewood), would create a voluntary program designed to create consumer demand for energy efficiency improvements within Colorado’s housing market by offering short-term incentives for high-performing new homes and energy retrofits of existing homes.

“This program will fill a gap in the market and promote energy efficiency,” Rep. Foote said.

The program would use existing funds to administer the program and participating lenders opting to participate would match any state funds at a one to one ratio.

“This program will help drive the market for energy efficient homes in Colorado and provide lower energy costs for those who take advantage of it,” Rep. Tyler said.

Testifying in support of the bill were representatives from the Colorado Bankers Association, the Colorado Energy Office and Conservation Colorado.

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