Climate Smart :: Loan Program

ClimateSmart Commercial Loans: A Sweet Deal Just Got Sweeter

The Commercial loan program is still active…please look for the new acknowledgement and disclosure forms that are required with each application.

Application Deadline: August 23, 2010 (application below)

Commercial and institutional properties including non-profits, apartment buildings, small manufacturing facilities and multifamily, low-income and/or elderly housing complexes are all eligible for the commercial ClimateSmart Loan Program. Commercial property owners choose a set of energy efficiency and renewable energy measures from the eligible measures list (pdf) and apply for a minimum $3,000 and up to a maximum of $210,000 loan to fund the improvement. Each property owner who receives financing through the program will be responsible for repaying the loan via a special assessment on the improved property. Please view our updated PowerPoint Presentation for more information.

Through our ARRA funds, REBATE incentives are now available to all loan funded projects. Rebates for energy efficiency measures will be available for up to 70% of the cost of the project with a cap of $10,000. ClimateSmart will rebate up to $2.45 per watt on Solar PV systems for properties outside of Xcel’s service territory for electricity. Please see rebate application below! Calculate your rebates using our ClimateSmart Rebate Estimator.

Please note: the rebates on Solar PV are solely for those properties outside of Xcel’s service territory. Rebate applications will be available on our website soon.

Contractors performing work under the ClimateSmart Loan Program need to comply with the Davis-Bacon Act (DBA). Click here for information on compliance.

QUESTIONS? Call Collin Tomb at 303-441-1131

Important Documents & Info

Rebate Application Form

Commercial Acknowledgment Form (New! Need this to apply)

Commercial Lender Consent Form (New! Need this to apply)

Commercial Loan Application (Need this to apply)

Contractor Cover Sheets (Need this to apply)

Lender Consent Form (Need this to apply)
Utility, Tax, City and State Incentives

Cost scenarios

Frequently Asked Questions

Steps & Timeline of the Process

What are the benefits of this program?