What is happening
Pay as You Save (PAYS) allows electric utility customers to make home energy improvements at no upfront cost. These improvements include making homes more energy efficient and adding solar panels.
The utility pays for the upfront cost of an energy improvement. It recovers this cost by adding a charge on the customer’s monthly bill that is less than their estimated savings.
PAYS lets you save money from day one.
The equipment belongs to the customer once the utility recovers the cost of its investment. Both homeowners and renters can participate.
Enacting PAYS requires no tax dollars. It will add to the state’s economy by incentivizing billions of dollars of investment. PAYS on-bill tariff investments will help us clean our air. It will help families struggling to afford high energy bills. And, it will make our electric grid more resilient.
Tell legislators to make it easier for Coloradans to benefit from solar and energy efficiency
Colorado PAYS: Smart Energy Upgrades for Everyone
All Coloradans should have the choice to select smart energy upgrades through utility investments that save money and build wealth.
Colorado Pay As You Save (PAYS) allows you to make every cost-effective energy upgrade at your homes or businesses. These upgrades are made on fair terms, without upfront cost, and without taking out a loan. The utility makes the investment, where the consumer will have a pathway to ownership for the upgrades.
How does PAYS benefit individuals?
Colorado PAYS allows for families to achieve smart energy upgrades without needing cash, a loan, or taking on any debt.
Your electric bill will be on average $10 lower every month.
Your family will be more comfortable at home.
Upgrading equipment will increase safety for your family.
Pathway to ownership of upgrades allows you to build wealth within the energy economy.
Colorado PAYS will create new job opportunities in the community.
How does PAYS benefit Colorado?
Colorado PAYS builds economic resilience for homes, businesses, and industry. It puts utilities to work as engines for economic growth in the communities they serve.
Once fully implemented, PAYS has the potential to foster hundreds of millions of dollars into Colorado’s economy, creating local jobs that can’t be exported while assisting with the state’s climate and energy goals.
How do we make this happen?
We need to provide clear direction to the Public Utilities Commission to support utilities in making every cost effective upgrade for every Coloradan. We can do this through legislative leadership. You can start by signing our petition at www.coloradopays.org.
What you can do
- Email your state lawmakers.
- Call your state lawmakers.