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1/13/2010
Do you own commercial property owner in Boulder County? If you do, you may want to look into a new program now being offered by Boulder County for low-interest loans for energy efficiency and renewable energy upgrades.
According to County officials, there is $12 million available to the commercial real estate sector within Boulder County through the ClimateSmart Loan Program. The Loan Program provides full financing at a discounted rate for more than forty different renewable energy and energy efficiency upgrades. After voters passed this ballot issue in November 2008, Boulder County was authorized to issue up to $40 million in bonds.
In 2009, Boulder County supplied 612 ClimateSmart loans totaling $9.8 million to the residential real-estate sector.
Financing obtained through the ClimateSmart Loan Program is repaid by the property owner during a 15-year period. However, payments are made via a special assessment that is included with the annual property tax bill, thus tying the loans to the actual energy improvements and not to individual owners.
If you are interested in gaining more information, please visit ClimateSmartLoanProgram.org. Applications are due by March 15.
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