Colorado is propelling forward with its commitment to renewable energy, this time focusing beneath the surface. The Colorado Energy Office (CEO) recently unleashed $7.3 million in its latest round of funding for geothermal heating and cooling projects. These funds, made available through the Colorado Geothermal Energy Tax Credit Offering (GETCO), aim to back four select projects that tap into the consistent temperatures found just below the earth's surface. According to Colorado Governor Jared Polis, a release on the state's website, these endeavors comprise both feasibility studies and actual installations.
Colorado isn't stopping anytime soon. Its ambitious efforts to combat greenhouse gas emissions and save on energy expenses have led to the funding of more than 40 thermal energy network projects to date. This renewable initiative keeps trying to push the boundaries of what is possible with the potential of geothermal technology. As CEO Executive Director Will Toor stated, through Colorado Governor Jared Polis' official website, "We are seeing growing interest in geothermal heating and cooling across the state, not only to help us achieve our climate goals, but also to reduce energy costs, improve indoor air quality, and ease demand on the electric grid on hot summer days."
The third round of GETCO funding bestowed awards upon projects like the Town of Vail's thermal energy connection between the Vail Public Library and Dobson Ice Arena, and possibly future expansions to the ski area and other facilities. Colorado Springs District 11 received a substantial $5 million to build a thermal network for Palmer High School. A wellness center in Denver's La Alma neighborhood and a feasibility study by the City of Steamboat Springs round out the recipients. These projects collectively exemplify the diverse applications of geothermal energy, ranging from school districts to local business and even to municipal operations.
With roughly $13.8 million still up for grabs, the GETCO program continues to seek applicants to fully utilize the $35 million reserved for this initiative, valid through 2032 or until funds are depleted. The call for applications will continue to occur biannually, with the next deadline set for December 31. Details on these opportunities can be accessed through the state's geothermal web page, where a full list of state-funded projects is also available for perusal.
