2016 Colorado Revised Statutes
Title 24 - Government - State
Governor's Office
Article 38.7 - Colorado Clean Energy Finance Program
Part 2 - Third-Party Commercial Solar Energy Installations
§ 24-38.7-202. Definitions

As used in this part 2, unless the context otherwise requires:

(1) "Clean energy improvement" means an installation of solar heating, solar cooling, or solar electric generation equipment and any related controls, meters, wiring, and other facilities on commercial, industrial, or government-owned real property.

(2) "Clean energy loan" means a loan originated by a participating public lender or a participating private lender, including but not limited to a bank or mortgage lender, for the purpose of financing one or more clean energy improvements to commercial, industrial, or government-owned real property, subject to the following conditions:

(a) The loan may, but need not, be to an independent third party rather than to the owner of the property or to a public utility.

(b) The loan may be for a fixed term of twenty years.

(c) The loan may be a fully assumable, nonrecourse loan and may not be subject to any prepayment penalty.

(d) The amount of the loan may exceed the amount stated in section 24-38.7-102 (4).

(3) "Office" means the Colorado energy office.

(4) "Public lender" means a county, municipality, district, authority, or other political subdivision of the state authorized to make economic development, affordable housing, or housing rehabilitation loans. "Public lender" includes, without limitation, the Colorado housing and finance authority.