The City of Boulder and the Town of Carbondale may be on opposite sides of Colorado’s Continental Divide, but they are on the same page when it comes to increasing the use of renewable energy and addressing climate change.
Voters in both communities approved tax and debt questions to implement their respective Community Energy Plans.
According to estimates, homeowners will pay an average of $33 a year, businesses $37 a year and industrial customers $2,832. The tax would raise$ 5.5 million over five years and pay for efforts to reduce greenhouse gas emissions in Boulder.
The city has voluntarily agreed to meet the requirements of the Kyoto Protocol, which would require cutting the city`s emissions by 24 percent by 2012.
In Carbondale, voters approved the issuance (by a 4 to 1) of up to $1.8 million in Clean Renewable Energy Bonds (CREBs) to construct and operate two large-scale solar systems. The proposed systems would provide about 250 kilowatts (KW) of power. One of the systems would be the largest solar system in western Colorado.
“It’s great to have interest-free money at the municipal level, so we applied,” said Joani Matranga, an architect of the project and the ballot question, which takes advantage of a provision tucked into the federal Energy Policy Act that encourages renewable energy investment by rural electric cooperatives, cities and towns.
The Internal Revenue Service pays the interest with tax credits to buyers of the bonds. Xcel Energy, prodded by requirements of Amendment 37 (passed by Colorado voters in 2004), will help pay the principle on the bonds with incentives and rebates based on energy production.