Alex Valdez

The act updates energy use benchmarking and performance standard requirements for owners of certain buildings (covered building owners), including:


A requirement to meet 2040 performance standards, as adopted by the air quality control commission (commission), in consultation with the Colorado energy office (office) and in consideration of recommendations made by a task force convened by the office;
Authorizing an alternative compliance mechanism for covered building owners to comply with certain performance standards; and
Updating civil penalties owed for a violation of the benchmarking requirements to an amount up to $577 for a first violation and up to $2,300 for each subsequent violation and, on and after January 1, 2030, updating civil penalties owed for a violation of the performance standard requirements to an amount up to $2,300 for every 30 days that the covered building owner is in violation and up to $5,800 for every 30 days for a subsequent violation. The commission shall adopt rules to annually adjust the penalty amounts for inflation.The act also creates a building decarbonization enterprise (enterprise) to provide financial assistance, technical assistance, and other programmatic assistance to covered building owners to effectively and efficiently implement building decarbonization measures, including energy efficiency measures, electrification measures, energy upgrades, and participation in utility on-bill repayment programs. The enterprise is authorized to impose and collect from covered building owners an annual building decarbonization fee to cover the enterprise's costs in providing the financial, technical, and programmatic assistance. The fees are credited to the building decarbonization enterprise cash fund (cash fund) for use by the enterprise to implement the act.The act clarifies that a local government is not required to adopt an energy code solely as a result of having adopted a wildfire resiliency code.For state fiscal year 2025-26, $3 million is appropriated from the cash fund to the office of the governor for use by the office for the enterprise's implementation of the act.(Note: This summary applies to this bill as enacted.)