Incentives for Green Retrofit
Are there any government-funded or sponsored schemes for improving the energy efficiency of existing buildings and, broadly, how do they work?

The government has issued different regulations (public policies, laws, decrees, recommendations, etc.) establishing incentives, guidelines and rules for improving the efficient use of energy. However, there are no government-funded or -sponsored schemes for improving the energy efficiency of existing buildings.

Nevertheless, Decree 3683 of 2003 established and ordered the following incentives for the rational and efficient use of energy:

  • The Administrative Department of Science, Technology and Innovation ("COLCIENCIAS") will be promoting lines of research in the rational and efficient use of energy.
  • The Colombian Institute of Student Loans and Technical Studies Abroad (ICETEX) will be granting loans to people interested in degrees or postgraduate degrees in rational- and efficient-energy-related studies.
  • The national government will be granting public awards to recognize those who excel in the rational and efficient use of energy and non-conventional sources. Such awards will be granted to: (i) corporations using energy efficiently; (ii) corporations and/or individuals conducting research in the efficient use of energy field; (iii) educational institutions teaching on the efficient use of energy.

Other (tax) incentives are further described in the "Regulation" section.