HB 13-1105 Summary

• Establishes the Colorado Energy Saving Mortgage Program administered by the Colorado Energy Office to provide mortgages for purchasing new energy-efficient homes or financing energy efficiency improvements to existing homes.

• Defines key program terms including energy-efficient homes (those with HERS Index scores of 50 or lower), certified home energy raters, participating lenders, and participating public utilities that provide funding to reduce borrower mortgage costs.

• Sets maximum incentive values: $8,000 for new energy-efficient homes and the lesser of energy savings-based amounts or $8,000 for existing home improvements, with amounts varying based on home efficiency ratings.

• Requires Colorado Energy Office approval of all mortgages based on residential energy audits and post-installation verification of improvements; allocates funding evenly between new home purchases and existing home improvements where feasible.

• Allows participating public utilities to use demand-side management program funds only for energy efficiency improvements (not renewable energy), requires utilities to track participation to prevent duplicate incentives, and permits utilities to receive credit toward demand-side management targets or future greenhouse gas emission requirements.