Solar & Battery Regulation & Incentive Programs

Xcel Energy - Residential Energy Efficiency Financing

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Colorado
Eligible Storage Technologies:
Solar Photovoltaics, Comprehensive Measures/Whole Building, Yes; specific technologies not identified
Website:
https://www.xcelenergy.com/programs_and_rebates/residential_programs_and_rebates/home_energy_efficiency/energy_efficiency_financing_for_new_homes
Maximum Loan:
Up to $50,000
Loan Term:
3 years to 15 years
Interest Rate:
2.75-12.24%
Applicable Sectors:
Residential
Utility:
Public Service Co of Colorado
Last Updated:
05/22/2019

Eligibility Criteria

EligibilitySectorsTechnologies
min $500.0000
Residential
Solar Photovoltaics
Comprehensive Measures/Whole Building
Yes; specific technologies not identified
max $50000.0000
Residential
Solar Photovoltaics
Comprehensive Measures/Whole Building
Yes; specific technologies not identified

Summary

Xcel Energy connects residential customers with third-party lending partners, Elevations Credit Union and Lendkey, to provide qualifying residential customers with access to loan products for home energy efficiency improvements. Loans for qualifying home energy efficiency projects can be combined with rebates to make projects even more affordable (loans are also available for non-rebated measures).

LendKey Home Energy Efficiency Loan: The LendKey Home Energy Efficiency Loan is available to residential customers throughout Xcel Energy’s Colorado service territory. This loan features a field of highly vetted contractors and an instant-approval process.

Elevations Energy Loans: In City and County of Denver and Boulder County, homeowners have access to the Elevations Energy Loan, which offers low interest rates and access to an energy advisor.

Visit the program website for more information on this program.