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Financial Resources and Incentives

Save money, grow better, that's the power of the SAGE Program! 

Maximize cost savings on your sustainability projects by tapping into financial incentives. 

SAGE can connect you with rebates, incentives, grants, and low-interest loans to reduce or entirely pay for upgrade costs and sustainability projects! Learn about top opportunities and resources by topic sector below. 

Meet with a SAGE ADVISOR to identify the financial resources that best fit your business needs.

Top Opportunities:

Below are several high-impact financial incentives and programs that can save your business money and make small and large scale sustainability projects possible.

Xcel Energy Rebates

If you’re an Xcel Energy customer, you can take advantage of instant rebates and free services and assessments to purchase and install energy efficiency products that cut utility bills, improve the quality of lighting in your business, and reduce energy use. Examples include:

Visit Xcel Energy's website for the most up-to-date details or see the section below for applicable financial incentives by category.


Colorado Commercial Property Assessed Clean Energy (C-PACE) Program Colorado Pace Logo

C-PACE enables owners of eligible commercial and industrial buildings to finance up to 100% of energy efficiency, renewable energy and water conservation eligible improvements. Financing is provided at competitive rates with repayment terms up to 20 years. By enrolling in C-PACE you will have no upfront costs while enjoying positive cash flow.

Get started by checking out the C-PACE website website or contacting a SAGE advisor. 


Charge Ahead Colorado: EVerybody’s going electric! 

Charge Ahead Colorado provides grants for electric vehicle charging stations that cover up to 80% of the costs up to $6,000 for fleet only stations and $9,000 for level 2 multi-port station, and $35,000 for Level III, Multiple Connection Standard Station. In addition, funding is available to pay 80% of the incremental cost differential between a gasoline/diesel vehicle and the comparable EV up to $8,260 per vehicle. Charge Ahead Colorado typically has three application rounds per year in January, May and October.

For more details and to start your application by visiting Charge Ahead Colorado or contacting a SAGE advisor

SAGE Accelorator Grant Program

Up to $1,000 up for grabs!                                                                                                                                                    

This program provides financial assistance of sustainability upgrades and services that facilitate cost reductions and support resource conservation and environmentally friendly business operations. Examples of applicable projects include:

  • Energy efficiency upgrades such as HVAC systems
  • On-site solar PV panels
  • Water conservation efforts such as high-efficiency toilets, Boss Defrosts, and irrigation audits
  • Waste reduction initiatives such as recycling services

The grant may cover up to 50% of eligible project expenses. Maximum funds granted per business per year is $1,000. (i.e., If the total cost of the project is $2,000 or more, the maximum awarded is $1,000).

Apply Here!

Applications are due July 1, 2021. Applications must be emailed to SAGE.

Financial Resources and Incentives by Topic

Energy:

As an Xcel Energy and United Power customer, you are eligible for incentives and rebates on lighting fixtures and equipment. The economic benefits of making lighting efficiency improvements for your business include: 

  • Upgraded long-lasting, high-efficiency LEDs help reduce energy use and lower replacement and maintenance costs 
  • Improved light quality in your business 
  • Faster payback period of your project with rebates that increase the return on your investment 

Click here for a summary of Xcel Energy’s business program offerings and see below for energy incentives by topic.

  • Energy Audit and Rebates-Small Business Solutions (Xcel Energy): Make the switch to energy-efficient lighting that can drive long-term energy and cost savings. An energy advisor will walk through your business and conduct a comprehensive audit of the facility and its energy use.iStock-171572338-768x420.jpg You'll receive a detailed report that outlines various energy conservation opportunities with associated payback, savings, cost and available rebates
  • Lighting Rebates (Xcel Energy): Retrofit rebates for purchasing and installing energy-efficient lighting equipment in an existing building retrofit.
  • Energy Analysis (Xcel Energy): Receive a customized report of your bill analysis that shows your energy use trends year-over year, an energy benchmark and how it compares to the ENERGY STAR standard of efficiency, and a list of low-cost energy conservation opportunities with the associated cost, savings, payback, and available rebates
  • Commercial LED Lighting Program (United Power): Provides rebates for Pre-Authorized Commercial LED Lighting projects
  • Energy Efficiency Financing (Xcel Energy): Cover 100% of your project cost with no money down! Financing is good for: Energy Efficiency Equipment, Renewable Technologies, and Non-Efficiency Equipment. NEIF offers a suite of finance products and selects the lowest rates and best term from a vetted group of lenders.
  • Colorado Commercial Property Assessed Energy (C-PACE) Financing: Westminster owners of eligible commercial and industrial buildings can finance up to 100% of energy efficiency, renewable energy and water conservation eligible improvements.
  • Commercial Refrigeration Efficiency Program(Xcel Energy): Receive complimentary products and services for immediate savings and rebates for installing advanced energy-saving measures. 
  • Refrigerated Case/Walk-In Cooler Fan Motor Retrofit Rebate (United Power): Replacement of evaporative fan motors with Electronically Commutated Motors (ECM) in existing cases or in new cases installed in an existing store or location. Applicable to medium and low temperature reach-in refrigerated cases, multi-deck open cases and walk-in coolers.
  • AC Rewards Smart Thermostat Program (Xcel Energy):  Receive a smart thermostat (Wi-Fi connected ecobee3 lite smart thermostat) and installation for free, plus earn up to $25 per thermostat for enrolling.5c5223c7c98bb.image.jpg
  • Heating Efficiency Rebate (Xcel Energy): Cash rebates for new installation and upgrading natural gas heating systems.
  • Cooling Efficiency Rebate (Xcel Energy): Cash rebates for replacing or updating your cooling system using the latest cooling technology.

Additional resources will be added as they become available 

Transportation:

Waste:

Grants

Learn about unique funding opportunities to finance sustainability projects for your business.

City of Westminster:

  • SAGE Accelerator Grant Program: Provides one-time, project related, financial assistance on a reimbursement basis, of sustainability upgrades and services, that facilitate cost reductions and support resource conservation and environmentally friendly business operations.
  • Capital Improvements Grant Program: The program is designed to help small businesses with reimbursement of 10% of eligible capital project expenses up to $50,000, with a maximum grant award of $5,000.

Upcoming grant deadlines:

  • Charge Ahead Colorado: May 17 – June 11, 2021 at 5 pm:
    Fund 80% of the cost of a charging station up to the following set maximums: Level 2, Fleet Only Charging Stations-$6,000; Level 2, Dual Port Station (up to 25kW)-$9,000; Level 3, Multiple Connection Standard Station (minimum 50kW+)-$35,000; Level 3, Ultra-fast Multiple Connection Standard Station (minimum 100kW+)-$50,000 (limited availability at the discretion of the awarding agency) 
    • The Denver Metro Clean Cities Coalition is hosting a virtual workshop on the Charge Ahead Colorado application on May 17, 12-1 pm. Register here
  • ALT Fuels Colorado: May 3- July 30, 2021:
    To improve air quality, the Regional Air Quality Council (RAQC) will be incentivizing the replacement and scrappage of pre-2009 vehicles with fully Electric and Renewable Natural Gas (RNG) fleet vehicles: Class 8  Local Freight Trucks (Heavy-Duty), Class 4-7 Local Freight Trucks (Medium-Duty), Class 4-8 School and Shuttle Buses, railroad freight switchers, airport ground support equipment, heavy forklifts and port cargo handling equipment. These funds are available to all public, private, and non-profit fleets statewide within Colorado. 

Databases:

CONTACT SAGE

Email SAGE@cityofwestminser.us or call 303-658-2662 to set up an advising session and for any questions and comments.

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