As Colorado gears up for a shift in its energy infrastructure, Rep. Amy Paschal’s bipartisan law aimed at increasing geothermal energy production is set to take effect. Starting August 6, HB25-1165, also known as Paschal's Law, promises to save Coloradans money on their energy bills by tapping into the state's abundant geothermal resources. The law also seeks to hasten the transition to more sustainable energy sources by streamlining the geothermal permitting process, thus paving the way for wider adoption of this clean energy.
Rep. Paschal, a Democrat from Colorado Springs, and the bill's co-sponsor, Representative Matt Soper, a Republican from Delta, have highlighted the around-the-clock availability of geothermal energy as a reliable and renewable source for heating and cooling, according to a press release. As obtained by Colorado House Democrats, Rep. Paschal said, "Colorado’s abundant geothermal energy–the heat beneath our feet–can reduce heating and energy costs and save Coloradans and businesses money. This law will boost geothermal energy production while establishing strong protections for geologic carbon storage facilities." Emphasizing the law's potential impact on energy cost reduction.
HB25-1165 not only catalyzes geothermal energy production but also embeds safeguards for geologic carbon storage facilities. These sites serve as underground vaults where greenhouse gases can be securely stored as part of the strategy to mitigate climate change. Recognizing the importance of these facilities' integrity, the law will institute a stewardship fee starting in 2026, which will be charged to operators to ensure the enduring safety and maintenance of these storage sites, aimed to preclude potential leaks or damage that might compromise their effectiveness.
