Solar & Battery Regulation & Incentive Programs

Residential Energy Upgrade (RENU) Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
Colorado
Eligible Storage Technologies:
Solar Water Heat, Solar Photovoltaics, Clothes Washers, Dishwasher, Refrigerators/Freezers, Water Heaters, Lighting, Furnaces, Heat pumps, Air conditioners, Caulking/Weather-stripping, Building Insulation, Windows, Doors
Website:
https://www.colorado.gov/energyoffice/colorado-renu-loan
Maximum Loan:
$35,000
Loan Term:
up to 180 months
Interest Rate:
Rates start at 2.75% for FICO scores of 740+ and a 36-month term
Administrator:
Colorado Energy Office and Elevations Credit Union
Applicable Sectors:
Residential
Last Updated:
08/03/2018

Summary

The Colorado Energy Office has partnered with Elevations Credit Union to provide loans for home energy upgrades through the Residential Energy Upgrade (RENU) Loan Program. Participants must work with a RENU-approved contractor to identify energy improvements and receive a cost estimate. Customers must then apply for the loan through Elevations Credit Union.  See website above for more information.