DENVER (KDVR) — Gov. Jared Polis has released his budget proposal for this year, and it includes incentives for Coloradans to transition to new energy sources.
Polis is proposing $120 million in annual tax relief to accelerate energy transitions in Colorado. For consumers, this could go toward electric vehicles, bikes, lawnmowers and leafblowers, as well as geothermal heating and cooling systems. On a larger scale, the rebates could also help fund hydrogen power, sustainable aviation fuel and modernized industrial facilities.
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“This tax credit package will further incentivize clean energy aligned with Colorado’s climate and air quality goals, build upon and leverage new federal incentives and funding opportunities, reduce pollution, and continue to position Colorado as a national leader in the…