1 Colo. Code Regs. § 301-85-6

Current through Register Vol. 47, No. 22, November 25, 2024

Section 1 CCR 301-85-6 - Ranking Criteria used by the Office

6.1. All applications that meet the criteria for completeness and financial feasibility shall be ranked according to the project's technical merit. The highest ranking projects shall be recommended by the Office for loan approval, subject to the available funding during that application cycle.

6.1.1. Criteria for completeness and financial feasibility.

6.1.1.1. Completeness. If an Applicant fails to submit a complete application after the 30-day period defined in 3.2.2, such application will be rejected.

6.1.1.2. Financial feasibility. Applications failing to show that the projected revenues meet operating, debt service and replacement costs will be rejected.

6.1.2. Ranking Criteria.

6.1.2.1. Energy cost reductions (45%). Reductions in energy costs will be considered in relation to the capital and operative costs of the project.

6.1.2.2. Technical merit (45%). Technical reviewers will consider the likelihood of achieving the projected results, the experience of the technical assistant, the soundness of the project design, benefits other than economic benefits, and the maturity of the proposed technology when assessing the technical merit of an application.

6.3. Applicants that are not recommended for approval shall be notified in writing within forty-five (45) days of the application deadline.

1 CCR 301-85-6

38 CR 01, January 10, 2015, effective 1/30/2015