Colorado New Energy Improvement District (NEID)
The Colorado New Energy Improvement District (NEID) is a statewide special statutory district created to establish, develop, implement, and administer the Colorado Commercial Property Assessed Clean Energy (C-PACE) program. A seven-member Board of Directors governs the NEID. Sustainable Real Estate Solutions administers the C-PACE program on behalf of the NEID.
Property Assessed Clean Energy Finance
Colorado’s C-PACE program allows commercial, industrial, multifamily, and agricultural property owners to finance up to 100% of the cost of eligible energy efficiency, renewable energy, and water conservation improvements. Property owners repay the loan through a voluntary special assessment, which is repaid over the financing term (up to 25 years). The annual energy cost savings typically exceed the annual assessment payment. The following resources provide an overview of C-PACE:
- Department of Energy and Lawrence Berkley National Lab C-PACE Study 2023
- U.S. Department of Energy C-PACE overview
- PACENation
- Colorado C-PACE News
- Financial and Economic C-PACE Market (2023)
For more information about the C-PACE program, visit the Colorado C-PACE program website.
Participating Counties
The District's boundaries are determined by counties that opt to join the District through a resolution of a Board of County Commissioners. Commercial, industrial, multifamily and agricultural property and building owners in any of the 39 participating counties in Colorado are eligible to participate in this program.
C-PACE Market Data
As of October 2023, the C-PACE program has closed 123 projects totalling $250 million in project financing. These projects have been completed across the 39 participating Colorado counties.