RENU Financing
Low-interest residential loans backed by the State of Colorado. Up to $75,000, terms to 20 years, no down payment, no prepayment penalties. Issued through local credit unions.
Updated February 11, 2026•By Editorial Staff
- Loan Amount
- Up to $75,000
- Terms
- 3 to 20 years
- Interest Rate
- Starting at 6.99% APR
- Down Payment
- None required
- Prepayment Penalty
- None
- Fees
- $25 processing + $100 admin
Issued through participating Colorado credit unions. Rates current as of March 2026.
Participating Lenders
Westerra Credit Union (WCU)
Elevations Credit Union (ECU)
Front Range. Often has the lowest rates depending on project type.
Rates from October 2023 - still current as of March 2026.
Program Details
What Is RENU?
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.
Eligible Projects
What You Can Finance
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
The Process
How to Get a RENU Loan
Get an Estimate
We assess your home, recommend Energy Star equipment, and confirm your project qualifies for RENU.
Pick a Credit Union
Choose Westerra or Elevations. Both offer RENU loans with slightly different rates.
Apply Online
We send you the application link. Get approved within a few business days.
Install - No Upfront Cost
No deposit. Payments start after installation. The credit union pays us directly.
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)
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 $75K, Terms to 20 Years, No Deposit
RENU loans are issued through Colorado credit unions. We handle the paperwork - you just pick your equipment.