Holy Cross Energy (HCE) announced its 2018 Think Efficiency grant program, offering $500,000 in matching grant funds for commercial HCE customers to carry out electric energy efficiency projects by August 31, 2019.
This could be the perfect opportunity to consider an energy upgrade that will save monthly costs while helping the Climate Action Collaborative of Eagle County reach our goal of reducing greenhouse gas emissions 25% by 2025.
We realize that navigating grants like the Holy Cross Energy 2018 Think Efficiency Grant can be a daunting task but we are here to help. Contact Walking Mountains Sustainability via the link below to talk about the types of projects that qualify and additional rebates that are readily available.
The matching grants can cover up to 50 percent of project costs for businesses and up to 75 percent of project costs for charitable organizations who own their building or have a lease extending for at least two years.
A project can be a bundle of electricity-saving measures at one or more facilities owned by the same entity or can be a single upgrade project. Projects must be efficiency retrofits in existing buildings; new construction is not eligible.
Think Efficiency grants are offered in lieu of standard commercial efficiency rebates offered by HCE.
Projects are still eligible for additional funding from organizations such as Walking Mountains Sustainability and Energy Smart Colorado,
Funding will be divided between small to medium size electricity users and large users. Small to medium size users are defined as those businesses that spend $80,000 or less on HCE provided electricity each year. $200,000 in grants is available to these businesses with a maximum of $40,000 awarded to any one business. Large users are those businesses that spend more than $80,000 a year on electricity; $300,000 in funding is available to these businesses with a maximum of $100,000 granted.
Commercial customers must apply for grant funding by July 31, 2018 and projects awarded grant funds must be completed by August 31, 2019.