The Geothermal Energy Grant is authorized by HB 22-1381 to create grant programs that support the use of zero-emission, geothermal energy for electricity generation and space/water heating and cooling in homes, businesses, and communities.
The grant program is anticipated to launch midyear 2023.
In December 2022, the Colorado Energy Office hosted an informational webinar on the Geothermal Energy Grant Program to review the program and seek dialogue from stakeholders to identify funding barriers within the industry. Click here to watch the webinar.
Eligible applicants
- Building owners
- Developers
- Local Governments
- Geothermal installers
- Contractors
- Communities
- Public service utilities (gas & electric)
- College or university campuses
- Other (approved by program)
Eligible project costs & types
Grantees may use money received through the grant program for the following purposes:
- New build or retrofit installation of geothermal primary heating or cooling systems
- New build or retrofit community geothermal systems
- Geothermal electricity generation
- Design Studies
