The program currently requires a retailer to front the cost of the rebate, which it can’t recover until filing its 2024 taxes.
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Sarah Thorne, a senior program manager running the rebates for the Colorado Energy Office, is trying to fix the problem. By 2025, she said the Colorado Department of Revenue should have a system in place to reimburse bike sellers quarterly instead of annually. In the meantime, the state is working with a pair of financial lenders — ANB Bank and the Colorado Enterprise Fund — to offer loans to support bike sellers through the program's first year.
SEE FULL ARTICLE HERE
Sarah Thorne, a senior program manager running the rebates for the Colorado Energy Office, is trying to fix the problem. By 2025, she said the Colorado Department of Revenue should have a system in place to reimburse bike sellers quarterly instead of annually. In the meantime, the state is working with a pair of financial lenders — ANB Bank and the Colorado Enterprise Fund — to offer loans to support bike sellers through the program's first year.
