Payment Options
HVAC Financing Options
We work with four financing programs: ClearPath On-Bill (4.50% to 5.49% fixed, repaid on your Xcel bill, no credit score), RENU Colorado (state-backed, terms to 15 years), Wells Fargo (0% for 12 months, any brand), and Synchrony (0% for 12 months, Mitsubishi only). Most customers also stack Colorado rebates to cut $7,000 to $15,000 off the total before financing kicks in.
Updated June 11, 2026•By Editorial Staff
0% promotional rates through Wells Fargo and Synchrony. Long-term financing up to 15 years through RENU. ClearPath On-Bill repays on your Xcel bill with no credit score requirement. No prepayment penalties on any plan, and all four let you apply rebates first, then finance the remainder.
Subject to credit or program approval. Terms may vary.
Our Financing Partners
Four Programs, Different Terms
ClearPath On-Bill
Repaid on your Xcel bill, no credit score required
- $1,500 to $50,000
- 3–10 year terms
- 4.50–5.49% fixed by term
- Approval via Xcel bill history
- Rebates credited upfront
Best for: Fixed published rates without a credit pull. One line item on the Xcel bill you already pay.
RENU Colorado
State-backed loans up to $50K, terms to 15 years
- Up to $50,000
- 3–15 year terms
- Competitive rates (vary by credit/term)
- No down payment
- Restrictions apply
Best for: Longest terms, lowest payments. Works with Carrier, Mitsubishi, and Bosch.
0% Promo — Any Brand
0% APR for 12 months or 9.99% for 96 months
- 0% APR (12 mo, paid in full)
- 9.99% APR (96 equal payments)
- Min $1,000 / $7,500
- Any heat pump brand
- No physical card needed
Best for: Short-term 0% promo or 8-year fixed rate for heat pump installations.
0% Promo — Mitsubishi
0% APR for 12 months on Mitsubishi installs
- 0% APR (12 mo, paid in full)
- Min $1,000 purchase
- Mitsubishi Electric only
- Apply through UniColorado
Best for: Mitsubishi mini-splits and heat pumps with 0% promotional rate.
The Process
How HVAC Financing Works with UniColorado
Get a Written Quote
We assess your home, recommend equipment, and give you a detailed quote with all costs upfront - no surprises.
Pick a Financing Program
We walk you through ClearPath On-Bill, RENU, Wells Fargo, and Synchrony based on your equipment, project cost, and situation.
Apply Online
Quick application through your chosen lender. Most approvals come back the same day.
We Install, You Pay Over Time
No deposit required with RENU. Your lender pays us directly. You make monthly payments after installation.
Quick Comparison
ClearPath vs. RENU vs. 0% Promo Plans
| ClearPath On-Bill | RENU Colorado | 0% Promo (Any Brand) | 0% Promo (Mitsubishi) | |
|---|---|---|---|---|
| Provider | ClearPath On-Bill | RENU Colorado | 0% Promo (Any Brand) | 0% Promo (Mitsubishi) |
| APR Range | 4.50-5.49% fixed by term | Varies by credit/term | 0% or 9.99% | 0% |
| Term Range | 3-10 years | 3-15 years | 12 or 96 months | 12 months |
| Max Loan | $50,000 | $50,000 | Varies | Varies |
| Approval Based On | Xcel bill history | Credit score | Credit score | Credit score |
| Equipment | Efficiency minimums apply | Restrictions apply | Any heat pump brand | Mitsubishi only |
| Down Payment | None | None | None | None |
| Prepayment Penalty | None | None | None | None |
| Best For | No credit pull, one bill | Long-term, low payments | 0% promo, any HP brand | Mitsubishi installs |
Stacking Rebates + Financing
Apply Rebates First, Finance the Rest
Colorado HVAC rebates come off your project cost before financing is calculated. A $21,500 heat pump with $7,750 in rebates means you only finance $12,250.
3-Ton Cold Climate Heat Pump
Estimated Payment
$133/mo
ClearPath On-Bill, 120 months at 5.49% fixed, repaid on your Xcel bill. Xcel: $2,250/ton × 3 tons cold-climate. Power Ahead: Denver metro, DRCOG region.
Same Heat Pump + HEAR (Income-Qualified)
Estimated Payment
~$62/mo
Income-qualified (≤80% AMI). HEAR replaces Power Ahead (both federal - can't stack). Front Range HEAR funding nearly depleted as of April 2026; availability is limited.
Carrier Furnace (80K BTU)
Estimated Payment
$534/mo
0% for 12 months available. No rebates for gas furnaces in 2026.
Lower Credit Scores
What If My Credit Isn't Great?
Lower credit scores limit your options but don't eliminate them. Here's what actually works:
ClearPath On-Bill Skips the Credit Score Entirely
Approval is based on your Xcel bill payment history: no shutoff notices in the past 12 months and no late penalties in the past 6 (1 or 2 recent lates can still qualify with autopay). If you pay your utility bill on time, your credit score never enters the picture. See ClearPath details.
Co-Signer
A family member or partner with stronger credit can co-sign your application with our credit-based lenders.
RENU Colorado
As a state-backed program, RENU has more flexible credit requirements than traditional lenders. Worth applying even if you've been declined elsewhere.
Home Equity Loan
If you have equity in your home, a home equity loan from your bank may offer better rates than HVAC-specific financing.
Reduce with Rebates
Colorado rebates can cut $7,000-$15,000 from your project cost. A smaller balance is easier to finance or pay outright.
Be realistic about deferred interest. If you're considering a 0% promotional plan, make sure you can pay the full balance within 12 months. Otherwise, the standard APR applies retroactively to the original purchase amount.
0% APR Details
How the 0% Promotional Rate Actually Works
Both Wells Fargo and Synchrony offer 0% APR for 12 months. No interest if you pay the full balance within that window. If you can swing the monthly payments, this is the cheapest way to finance.
0% Plan — Any Brand
- 0% APR for 12 months if paid in full
- Minimum $1,000 purchase
- Any heat pump brand
- Standard APR applies if not paid in full
0% Plan — Mitsubishi Only
- 0% APR for 12 months if paid in full
- Minimum $1,000 purchase
- Mitsubishi Electric equipment only
- Standard rate applies if not paid in full
How "Paid in Full" Works
"No interest if paid in full within 12 months" means you divide your total balance by 12 and pay that amount each month. If any balance remains after 12 months, interest is charged retroactively from the original purchase date at the standard APR. This is called deferred interest. It works well if you budget for the full payoff, but can be expensive if you don't.
Common Questions
HVAC Financing Questions
0% APR or Up to 15-Year Terms
We include financing details in every estimate. Most customers also qualify for Colorado rebates that reduce the amount financed.