House Bill 15-1236: Colorado Energy Efficiency Improvement Tax Credit

• Creates income tax credits for owners of existing multi-family homes achieving at least 20% energy reduction, with credit equal to 30% of net installed costs capped at $1,500 per housing unit per year and $75,000 per multi-family home.

• Provides tax credits for new or renovated multi-family homes and commercial buildings meeting 20-50% energy savings benchmarks and achieving LEED or Green Globes certification, with credits ranging from $75,000 to $300,000 per building depending on efficiency level.

• Establishes tax credits for new or renovated affordable housing projects meeting 20-50% energy savings with enterprise green community standards, with credits capped at $93,750 to $375,000 per project depending on efficiency achievements.

• Limits Colorado Energy Office issuance to 25 credit certificates per income tax year, with at least 5 reserved for affordable housing, and requires credit certificate attachment to tax returns for claimed credits.

• Credits may be carried forward up to 5 years if they exceed current year tax liability; the tax credit program repeals effective December 31, 2024, and appropriates $127,718 to the Colorado Energy Office for administration.