Vehicle Fleet Maintenance and Fuel Cost-Savings Contracts
Government fleets may finance the lease or purchase cost of alternative fuel vehicles and alternative fueling infrastructure through energy performance contracts where vehicle operational and fuel cost savings pay for the capital investment. Energy performance contracts must show that the annual cost savings associated with the fueling and maintenance of vehicles with higher efficiency ratings or alternative fueling methods is equal to or higher than the annual contract payments.
Type: Laws and Regulations
Enacted: Jun 5, 2013
Technologies: Biodiesel, Ethanol, EVs, HEVs, Natural Gas, PHEVs, Propane (LPG)
See all Colorado Laws and Incentives.