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Legislative Year: 2022 Change
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Bill Detail: HB22-1381

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Title Colorado Energy Office Geothermal Energy Grant Program
Status Governor Signed (06/02/2022)
Bill Subjects
  • Business & Economic Development
  • Energy
  • Natural Resources & Environment
House Sponsors H. McKean (R)
B. Titone (D)
Senate Sponsors F. Winter (D)
R. Woodward (R)
House Committee Energy and Environment
Senate Committee Finance
Date Introduced 04/18/2022
Summary

The bill creates the geothermal energy grant program (grant
program) in the Colorado energy office (office) within the office of the
governor. The grant program offers 3 types of grants:
  • The single-structure geothermal grant, which is awarded to
applicants that are constructing new buildings and that are

installing a geothermal system as the primary heating
system for the building;
  • The community district heating grant, which is awarded to
support ground-source, water-source, or multisource
thermal systems that serve more than one building; and
  • The geothermal electricity generation grant, which is
awarded to support the development of geothermal
electricity generation and hydrogen generation produced
from geothermal energy.
The bill sets qualifications, limits, and standards for awarding the grants.
A grantee is prohibited from using the money for any purpose not
specified in statute or in the grant application. Using the grant money for
another purpose subjects the grantee to a civil action seeking repayment.
The bill creates the geothermal energy grant fund (fund).The grant
money in the fund is allocated in the following percentages:
  • Up to 40% of the total money in the fund may be awarded
in grants for cost-matching public-private partnerships to
support the development of geothermal electricity
generation and resource development, which may include
hydrogen generation produced from geothermal energy;
  • Up to 60% of the total money in the fund may be awarded
in grants for constructing new buildings and remodeling
existing buildings using geothermal heating, and one-fourth
of the money must be awarded to eligible entities from or
projects in low-income, disproportionately impacted, or just
transition communities; and
  • Up to 25% of the total money in the fund may be awarded
in grants to support the development of district heating
systems in new construction or to retrofit existing
buildings.
The money in the fund is continuously appropriated to implement
the grant program. The state treasurer will transfer $20 million from the
general fund to the fund.
The office administers the grant program and, in doing so, must
develop and apply criteria for evaluating and awarding grant applications
that:
  • Prioritize projects in low-income, disproportionately
impacted, or just transition communities; and
  • Maximize the number of additional projects that would
otherwise not occur without grant money.
Each grantee must submit an annual report to the office for 2 years
following receipt of a grant award. By February 1, 2024, and each year
thereafter, the office must submit a report to the transportation and energy
committee of the senate and the energy and environment committee of the
house of representatives. The report must include:
  • The grant expenditures;
  • The percentage of each type of grant awarded;
  • The total amount of matching funds that grantees provided
to receive a grant;
  • The percentage of grants awarded to and for projects in
low-income, disproportionately impacted, or just transition
communities; and
  • To the extent available, the effects of the grants on gas use,
electricity use, emissions, and energy costs.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (05/10/2022) (most recent)  
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