Colorado Residential Energy Upgrade (RENU) Loan program

Program Overview

Implementing Sector Local
Category Financial Incentive
State Colorado
Incentive Type Loan Program
Web Site https://www.cocleanenergyfund.com/renu#homeowners
Administrator Energy Smart Colorado
Eligible Renewable/Other Technologies Solar Photovoltaics, Geothermal Heat Pumps
Eligible Efficiency Technologies Clothes Washers, Dishwasher, Refrigerators/Freezers, Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Programmable Thermostats, Duct/Air sealing, Windows, Doors, Insulation, Pool Pumps, LED Lighting, Tankless Water Heater
Applicable Sectors Residential
Maximum Loan $75,000
Loan Term up to 15 years (or 20 years for solar PV)
Interest Rate Fixed interest rates starting at 2.74%

Summary

The Colorado RENU Loan is a statewide residential loan program sponsored by the Colorado Clean Energy Fund in partnership with Colorado-based credit unions. It makes home energy upgrades easy and affordable by offering low-cost, long-term financing for energy efficiency and renewable energy improvements.

Loan Terms
  • Low, fixed interest rates starting at 2.74%
  • No money down; finance up to 100% of project cost
  • Loan terms up to 15 years (or 20 years for solar PV)
  • Loans up to $75,000
  • No prepayment penalties

 

Eligible improvements
  • Solar PV & solar thermal
  • Space heating & cooling
  • Battery storage
  • EV charging
  • Insulation & air sealing
  • Water heating
  • Windows & doors
  • Check here for a full list of eligible improvements

Contact