Colorado House Passes Clean Technologies Act

Colorado Cleantech Industry Association (CCIA) announced the passing of House Bill 13 – 1001, the Advanced Industries Acceleration Act by the General Assembly and awaits the Governor’s signature. The bill provides for annual allocations of several million per year for the next decade including over $12 million next year in grants supporting seven advanced industries driving the Colorado economy including energy and natural resources. Through this act, the Colorado Office of Economic Development will provide grants for clean technology projects based on the existing funding stream within the Clean Technology Discovery Evaluation Grant Program starting in 2014. The goal of the act is to grow the most promising technology sectors in Colorado by providing grant opportunities to energy and natural resources; advanced manufacturing; aerospace; bioscience; electronics; engineering; and information technology. The Advanced Industries Acceleration Act absorbed an existing clean technology grant program that is set to begin disbursing funds in spring 2014. Companies that qualify will now be eligible for proof-of-concept grants (capped at $150,000), early stage capital and retention grants (capped at $250,000), and infrastructure grants (capped at $500,000). All three types of grants have a required matching component. Additionally, if a grantee qualifies for a “preference,” there are no caps on grant amounts. Additional bills CCIA worked to pass this legislative session include: SB 13 – 126, HOA, Condo, Apartment Barriers, Electric Vehicle Charging Stations: SB 13 – 186, Updating Requirements – New Building Technologies: This bill makes it easier for certified roofing contractors and electricians to oversee new solar shingle installations. SB 13 – 212, Commercial PACE: This bill allows commercial real estate owners to enter into an optional financing agreement with a financial institution to install renewable energy and energy efficient upgrades and repay the improvements through property taxes. SB 13 – 252, Increasing the Renewable Energy Standard (RES) & Coal Mine and Landfill Methane: This bill increases the RES for rural and generation co-operatives to 20% by 2020, an increase from the current 10%. Additionally, the bill includes coalmine and landfill methane capture towards the RES and increases the Distributed Generation requirement. CCIA’s government affairs team is dedicated to supporting cleantech companies by testifying on behalf of its members and constituents in supporting or opposing appropriate bills during each State Legislative session. CCIA also writes legislation and actively lobbies lawmakers and the administration to benefit the Colorado cleantech ecosystem.