There is no html / css, this parameter is not built-in, but since you are accessing / setting the color in javascript, you can add your own function that can handle this.
Here is an example for you:
<script type="text/javascript">
function RGBA(red,green,blue,alpha) {
this.red = red;
this.green = green;
this.blue = blue;
this.alpha = alpha;
this.getCSS = function() {
return "rgba("+this.red+","+this.green+","+this.blue+","+this.alpha+")";
}
}
var bgColor = new RGBA(255,0,0,0.5);
function setBgOpacity(elem, opac) {
bgColor.alpha = opac;
elem.style.backgroundColor = bgColor.getCSS();
}
</script>
HTML onmouseover bgColor:
<div onmouseover="setBgOpacity(this, '0.3');"
onmousout="setBgOpacity(this, '0.5');">Put your mouse over me</div>