The Inflation Reduction Act of 2022 (IRA) amended Internal Revenue Code Section 45L to provide taxpayers with a tax credit for eligible new or substantially reconstructed homes that meet applicable ENERGY STAR home program or DOE Zero Energy Ready Home (ZERH) program requirements. The new 45L provisions include two tiers of credits, with the higher credits for eligible homes and dwelling units certified to applicable ZERH program requirements. These new 45L rules apply to qualified energy efficient homes acquired after December 31, 2022, and before January 1, 2033, for use as a residence during the taxable year.

Beginning January 1, 2023, fueling equipment for natural gas, propane, hydrogen, electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel, is eligible for a tax credit of 30% of the cost or 6% in the case of property subject to depreciation, not to exceed $100,000. Eligible projects that meet prevailing wage and apprenticeship requirements may be eligible to receive the full 30% tax credit, regardless of depreciation status. Permitting and inspection fees are not included in covered expenses.

Black Hills Energy offers Colorado Commercial and Industrial electric customer rebates for some of the most commonly installed efficiency projects.

Black Hills Energy is encouraging commercial and industrial facilities to optimize building energy systems and facility operations. Rebates are available for retrocommissioning studies to have an energy advisor assess building energy systems and facility operations and recommend improvements. The study must be pre-approved.

The Clean Affordable Multifamily Housing Fund is designed to address finance gaps in the affordable multifamily housing sector that limit the adoption of clean energy, energy efficiency, and building electrification measures and/or upgrades.

On-bill repayment (OBR) is a mechanism by which a resident or business owner may elect to install certain energy upgrades to their property at no upfront cost and repay the cost of the measure and installation via a voluntary tariff on their monthly utility bill.

Double down on savings with our rebates and incentives by first earning immediate credit on your purchase of efficiency products. Then, reap long-term gains from their year-over-year performance.

Equity Priority Buildings serve frontline communities with less access to resources and who may face more barriers adapting to a changing climate. If your building falls into this category, you could be eligible for additional funding and facilitation services.

The Building Electrification Pilot Program will help you understand the costs, benefits, and barriers to installing electric heat pump technology in your building. We'll walk you through the process from start to finish and cover any cost difference between the gas and electric system types. We are still accepting a limited number of applications for the pilot program. We are especially interested in working with Equity Priority Buildings at this time. If you own one of these building types, we encourage you to apply today!

Boulder residents and businesses that have installed solar electric or solar thermal (hot water) systems on their property may be eligible for a sales and use tax rebate.

Colorado commercial property assessed clean energy (C-PACE) is an innovative new financing mechanism for commercial real estate developers. It enables you to access affordable, long-term, non-recourse financing for the installation of energy efficiency and renewable energy measures. Financing is provided by private capital providers in an open market so you can choose the most competitive rates and terms, and is repaid through a voluntary assessment that is recorded on the property.

Learn more about available financial resources by calling EEA directly.