Garfield County looks for renewable energy financing
GRAND JUNCTION, Colorado ” An advisory board wants Garfield County to consider creating a special district to finance renewable energy and energy efficiency projects.
The Garfield New Energy Communities Initiative board has recommended forming the district, with voter approval, to make loans to businesses and homeowners. The loans would be repaid through a special assessment on participants’ property tax bills over as long as 20 years.
A state law allows local governments to create clean-energy improvement districts and ask voters to approve bonds. Boulder County voters approved such a proposal last year.
The advisory board has asked the Garfield County commissioners to place a similar measure on the ballot.