Stephen Nalty: Unanswered questions on ClimateSmart

Climate Smart? On Monday, April 26, 2010, Sara Horn penned an article in Section 2B titled “Study says county residents’ homes must be retrofitted”. It appears that 200 to 300 homes a week must be improved with various upgrades like “energy star insulated windows” to meet certain goals, however, the current pace is “less than 20 per week”. Improvements like these take money. The last paragraph says “This week, Boulder County was awarded $25 million in a federal grant…”. The second to last paragraph says, “The ClimateSmart Program provides residential and commercial property owners with financing options for energy efficiency upgrades”. Also, the ClimatSmart website says, “voters gave Boulder County the authority to issue up to a maximum of $40 million in special assessment bonds to finance the program”. After reviewing the ClimateSmart website, I had many questions so yesterday I went to 1300 Canyon Avenue to talk to someone at the office address listed in the ClimateSmart website. The building is locked, however, there is a sign on the door stating that “If you have an appointment, someone will meet you at the door”. I had no appointment and I still have questions. 1. If this program is important and so much money is available, why (per the FAQs http://www.bouldercounty.org/bocc/cslp/financingquest.htm)  this limitation: “Boulder County will accept applications for financing from April 12-May 7th, 2010. 2. Won’t the $75.00 Non-refundable application fee, the 4% Cost of Insurance Bond, the 5% Debt Service Reserve Fund and the stated fact that “a homeowner can pay a deposit or partial payment to the contractor, but this will be an out-of-pocket expense at the homeowner’s discretion because the ClimateSmart Loan Program cannot issue reimbursements” all ultimately doom the goals of this program to failure? 3. Where will all this unspent money go?

Stephen Nalty

Denver

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