Colorado Clean Energy Fund
RENU Financing Program
RENU is a residential financing program with low interest rates backed by the State of Colorado. Loans up to $50,000 with terms to 15 years, no down payment, and no prepayment penalties, issued through local Colorado credit unions.
Updated February 11, 2026•By Editorial Staff
- Loan Amount
- Up to $50,000
- Terms
- 3 to 15 years
- Interest Rate
- Varies by credit score and term
- Down Payment
- None required
- Prepayment Penalty
- None
- Repayment
- Monthly principal and interest
Rates subject to change. Issued through participating Colorado credit unions. Contact lender for current rates.
Program Details
What Is RENU Financing?
RENU (Residential Energy Upgrade) is a loan program administered by the Colorado Clean Energy Fund and backed by the State of Colorado. It helps homeowners finance energy-efficient home improvements at interest rates lower than most personal loans or credit cards.
Unlike Wells Fargo or Synchrony financing, RENU is not tied to a specific equipment brand. Any Energy Star certified HVAC equipment qualifies, including Carrier, Mitsubishi, and Bosch systems that UniColorado installs. RENU also covers solar, EV chargers, insulation, and windows, so if you're doing a broader energy upgrade, one loan can cover it all.
What You Can Finance with RENU
Space Heating & Cooling
Heat pumps, furnaces, central AC, mini-splits
Electrification
Heat pump water heaters, EV charging stations
Insulation & Sealing
Attic insulation, air sealing, windows & doors
Solar & Battery
Solar PV systems, battery storage
Eligibility Requirements
- Colorado homeowner (primary, secondary, or income property)
- Single-family home, townhouse, or condo without shared HVAC
- Energy Star certified equipment required
- RENU-approved contractor (UniColorado is approved)
- Existing home (not new construction)
The Process
How to Get a RENU Loan Through UniColorado
Get an Estimate from UniColorado
We assess your home, recommend Energy Star equipment, and confirm your project qualifies for RENU financing.
Pick a Credit Union
Choose between Westerra CU and Elevations CU. Both offer RENU loans with slightly different rates.
Apply Online
UniColorado sends you an email application through the Colorado Clean Energy Fund. Apply online and get approved within a few business days.
Installation with No Upfront Payment
We install your new system. No deposit, no upfront cost. You start making monthly payments to your credit union after installation.
Participating Lenders
Colorado Credit Unions
Westerra Credit Union
Elevations Credit Union
Rates subject to change. Last updated October 2023. Current rates may differ. Contact the credit union directly for the most up-to-date information.
Combine RENU with Colorado Rebates
Most customers apply Colorado HVAC rebates first to reduce their project cost, then finance the remainder with RENU. A $15,000 heat pump installation might qualify for $6,750+ in Xcel rebates, leaving only $8,250 to finance.
Frequently AskedQuestions
RENU Financing Questions
Up to $50K, Terms to 15 Years, No Deposit
RENU loans are issued through Colorado credit unions. We handle the paperwork - you just pick your equipment.