Bill > HB1268

This bill establishes a comprehensive Utility On-Bill Repayment Program in Colorado to help finance energy efficiency, electrification, and energy upgrade measures for utility customers. The bill requires the Colorado Energy Office to create a state utility on-bill repayment program where customers can finance energy-related improvements and repay the costs through their monthly utility bills. Specifically, gas and electric utilities serving more than 500,000 customers must propose plans to the Public Utilities Commission for establishing or expanding on-bill repayment programs. The state treasurer will provide an initial interest-free loan of $100 million from the unclaimed property trust fund to support the program, with the Colorado Energy Office required to repay the loan by July 1, 2045. The bill also creates a new Building Decarbonization Enterprise within the Colorado Energy Office to provide technical assistance and financing support for these programs, and establishes funding mechanisms including a building decarbonization fee for building owners and an on-bill program administration fee for participating utilities. The overall goal is to help reduce greenhouse gas emissions, lower energy consumption, and provide affordable financing options for energy efficiency and electrification measures for Colorado residents and businesses.

Agriculture and Natural Resources, Budget and Finance

https://leg.colorado.gov/bills/hb25-1268