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Financing and Tax Credits for Your Business

Financing is available to provide funds for your business’ energy upgrades.

Colorado Commercial Property Assessed Clean Energy (C-PACE) enables owners of eligible commercial and industrial buildings to finance up to 100% of energy efficiency, renewable energy and water conservation eligible improvements. Financing is provided by private capital providers at competitive rates.

C-PACE financing repayment is facilitated through the County property tax assessment process. A voluntary assessment is placed on the building owner’s property tax bill and is repaid over the financing term (up to 25 years). In most cases, the annual energy cost savings will exceed the annual assessment payment, thereby enabling extensive capital intensive equipment upgrades. Because the C-PACE assessment obligation runs with the property, the assessment can transfer to the next owner when the property is sold. Many Colorado counties are participating in this financing program.

A fee equal to 2.5% of the project finance amount (not to exceed $50,000 per project) is assigned to each C-PACE project. This program administration fee, to cover the costs associated with the various support services required to sustain the C-PACE program, is typically included in the total financed amount and is only due when successful project financing is obtained.

Additional Loans, Grant Programs & Tax Credits for Businesses

An overview of all Corporate Incentives resulting from this Inflation Reduction Act can be viewed in this PPT presentation – shared thanks to our friends at Salesforce.

179D Commercial Buildings Energy Efficiency Tax Deduction

With the passage of the Inflation Reduction Act, the 179D commercial buildings energy efficiency tax deduction increased. The tax deduction enables building owners to claim a tax deduction for installing qualifying systems and buildings, while tenants may be eligible if they make construction expenditures.
179D allows for a deduction of up to $5.00/ft2 to building owners who install

  • Interior lighting;
  • A building envelope; or
  • HVAC or hot water systems that reduce the energy and power cost of the interior lighting, HVAC, and service hot water systems by at least 50%, as compared to a building meeting minimum requirements set by ASHRAE Standard 90.1.

More details can be found in IRS Form 7205 Instructions.

Alpine Bank

offers a variety of rate-discounted “green” loans for fuel-efficient business vehicles and real estate-secured loans.

Colorado Clean Energy Fund

offers commercial loans to borrowers in the affordable housing, industrial, agricultural, municipal, and nonprofit sectors. These loans are designed to finance clean energy and energy efficiency improvements that result in reduced utility costs, reduced GHG emissions, increased electrification or electrification-readiness, and increased renewable energy generation. Various loan products, up to $1 Million in loan amounts, are available.

Colorado Startup Loan Fund

provides loan capital to mission-based lenders to provide loans to Colorado entrepreneurs and small business owners needing capital to start, restart, or restructure a business, and those who are not able to obtain a loan from traditional lenders. Visit this checklist to see if your business might qualify for this loan.

US Bank

offers “business quick loans” from $5,000 to $250,000 for up to 84 month terms.

USDA Rural Energy for America Program (REAP)

guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements.

Additional Resources in Colorado

Additional rebate and loan programs, as well as tax credits can be found through this listing of resources for Colorado

ACEEE Policy Brief on Commercial Building Incentives

This policy brief, thanks to American Council for an Energy-Efficient Economy (ACEEE) lists programs for new construction and upgrades as a result of the Inflation Reduction Act and other federal laws.