The Board of Directors of the Colorado Water Resources and Power Development Authority created the Small Hydropower Loan Program in 2008 to promote a clean, renewable energy source for the citizens of Colorado. Loans are for projects of 5 megawatts or less and there are over $8 million in loan funds still available. Loans are offered for up to $2 million per governmental agency at a 2% interest rate, and a maximum term of 20 years. The Small Hydropower Loan Program complements the Colorado renewable energy standard signed by Governor Bill Ritter on March 22, 2010, which requires investor-owned utilities to obtain 30% of their power from renewable sources by 2020.

The following items should be completed or expect to be completed prior to executing a loan agreement through the Small Hydropower Loan Program:

Government entities have already started reaping the benefits of investing in small hydropower facilities through the Small Hydropower Loan Program. Click here for more details.