Commercial buildings in Colorado consume 19% of Colorado’s energy. The Colorado Energy Office (CEO) is working to improve this by increasing energy efficiency in new and existing buildings.CEO accomplishes this by offering a number of finance options for commercial properties, including one of the nation’s first statewide commercial PACE programs (Property Assessed Clean Energy), called CoPACE. Additionally, CEO partners with the Colorado Housing and Finance Authority (CHFA) to support private lending for energy efficiency and renewable energy upgrades to commercial properties through a loan loss reserve.


The Green Colorado Credit Reserve (GCCR) is a loan loss reserve that was created by the Colorado Energy Office (CEO) to incentivize private lenders throughout Colorado to make small commercial loans up to $100,000 for capital improvements that promote energy efficiency and renewable energy. The GCCR is administered by the Colorado Housing Finance Authority (CHFA) on behalf of CEO.

For each loan made by a participating lender, GCCR will provide a loan loss reserve equal to 15% of the amount of the loan. For example, if a participating lender makes a loan of $100,000, the lender will have $15,000 available to cover any losses in case of loan default. The loan loss reserve encourages banks to close multiple loans because the reserve aggregates as the lender makes more loans.  If a lender makes 10 loans of $100,000, the lender will have aggregated $150,000 for any possible loan losses.