Energy Smart loans OK’d in Eagle County
Aspen, CO Colorado
EAGLE COUNTY, Colo. – Initial funding for the voter-approved Energy Smart loan program was approved Tuesday by the Eagle County Board of Commissioners.
The program will provide fixed-interest loans to property owners for qualified energy improvements, such as installation of solar energy systems and replacement of inefficient windows, doors, furnaces and boilers. Program details are available at http://www.eaglecounty.us/energysmart. Applications will be accepted beginning next week.
While voters approved up to $10 million for Energy Smart, the program will initially be funded through $1 million from the county’s investment ledger. Property owners in unincorporated Eagle County – including areas of the Roaring Fork Valley – as well as within any town that has opted to participate in the program, will be able to apply for 15-year loans of up to $30,000 at an interest rate of 6 percent. A 1 percent origination fee will be due at the time of application submittal.
Any property owner participating in the program will be responsible for repaying the loan via a special property tax assessment. If the property sells, the special assessment can stay with the land or the special assessment can be paid off at any time without penalty. The program is voluntary and only affects those choosing to participate.
“The economic health of the county, as well as our quality of life, is entirely based on our natural environment,” said Commissioner Peter Runyon. “While we’ve implemented several larger-scale environmental initiatives, the Energy Smart program allows us to take a leadership role in promoting sustainable practices in the home.
“This program will benefit homeowners wanting an upgrade as well as a new sector of the economy – the emerging wave of contractors focused on energy improvements,” added Commissioner Jon Stavney.
For more information, contact Adam Palmer, environmental policy planner for Eagle County, at 970-328-8734 or firstname.lastname@example.org.
Support Local Journalism
Support Local Journalism
Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
The operating license for Kent Funeral Home in Gypsum has been summarily suspended by the Colorado Department of Regulatory Agencies following an investigation that revealed disturbing conditions at an associated funeral home in Leadville.