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10No- to Low-interest Financing

Progress

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  • Planning
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Lead paragraph

Accessible financing, which does not rely on credit worthiness, is essential to ensure that all community members, particularly frontline community members, can purchase new equipment while managing the higher capital costs associated with electrification purchases.

Description

While there are financing options available for energy efficiency, electrification, and renewable energy projects through the Colorado Clean Energy Fund, City staff are staying abreast of regional initiatives and grant opportunities that could provide seed funding or a platform for a revolving loan fund or on-bill financing in Longmont.

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Tasks

What are we doing?

  • Todo12/31/2025

    Regional on-bill repayment model evaluation

    Longmont Power & Communications staff are researching the relatively new on-bill repayment offering from Tri-State Generation and its member electric cooperatives to determine whether something similar could work in this jurisdiction. At the same time staff is looking at any available options for seed funding.

Summary and contacts

Contact persons

  • Susan Bartlett
    Director, Energy Strategies & Solutions
    Longmont Power & Communications
Information updated 07/28/2025

How this action contributes to the outcome