Colorado Industrial Tax Credit Offering (CITCO)

Refundable, competitively awarded state tax credit for industrial facilities in Colorado to study and implement greenhouse-gas-reduction projects: energy/emissions audits and feasibility studies, electrification of process heat and off-road equipment, high-efficiency refrigeration, waste-heat recovery, electric pumps/motors, biomethane collection equipment, on-site storage, thermal storage and more. CEO explicitly lists agricultural producers (dairies, mills) among eligible applicants and files CITCO under 'Agriculture' on its business funding index. Refundable means entities without tax liability are repaid at filing.

An 'Industrial Facility' subject to taxation in Colorado (C.R.S. 39-22-551); industrial/manufacturing businesses in NAICS 31-33; GEMM-regulated entities; as-a-service providers; carbon-management developers; 'Agricultural producers (e.g. dairies, mills, etc.)'; special purpose vehicles.

Up to $8M per project; credits reserved for the anticipated in-service tax year; cannot be reserved for studies/projects completed before approval; cannot be combined with Clean Air Program grants.

Published amounts: Amount: $168 million total; up to $8 million per eligible project. Match: Varies. Program length: Until all tax credits are reserved, or through 2032

Download Application Materials and CITCO standards and guidelines; log in to the CITCO application portal (https://socgov27.my.site.com/taxcredits/s/apply-for-citco) and complete the General and sub-applications; CEO eligibility/technical review, committee scoring, Tax Credit Agreement, then a tax credit certificate to file with Colorado DOR on project completion.

Deadline text on the page: Application cycles: Applications open semi-annually, closing on June 30 and December 31 each year. .. CEO is currently not accepting applications. (page fetched 2026-09-08; Cycle 5 closed June 30, 2026; next close Dec 31, 2026 inferred from the stated cadence)