RENU HVAC Financing

RENU Financing

RENU is a residential financing program with low interest rates and loan terms up to 15 years offered through the Colorado Clean Energy Office in partnership with 3 local credit unions.
The RENU program includes financing options for high efficiency HVAC Equipment.

  • Loan Amount Up to $50,000
  • Terms Up to 15 years, no money down
  • Repayment Monthly principal and interest payments
  • No Prepayment Penalties (Pay off at any time)
  • Approvals Within a few business days

The Process for RENU Financing

  • Choose Your Lender Research each lender using their rate sheets and terms.
  • Notify UniColorado Let us know what lender and terms you want to use.
  • UniColorado starts the application We'll provide the credit union with the necessary information and you'll be assigned a dedicated loan officer through the credit union.
  • Financing Approval RENU & the chosen credit union will review and approve the details.
  • Installation Is Scheduled We'll get the install booked.
  • Payment is released to UniColorado After work is complete, you'll sign for us and the credit union that the work is completed.

Monthly Payments Calculator (RENU)

RENU Calculator

Estimated Colorado RENU Payments Per Month

*Based on Elevation's rate sheet from 10/01/2023. Please note that the shown payments are rough, simplified estimates to help guide your project and should not be interpreted as a finalized payment amount.
Please contact the lenders for exact pricing.

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Participating RENU Lenders

Westerra Credit Union (WCU)

*Rates subject to change
Last updated 10/01/2023
Current rates may differ*

Elevations Credit Union (ECU)

*Rates subject to change
Last updated 10/01/2023
Current rates may differ*

Clean Energy Credit Union (CECU)

*Rates subject to change
Last updated 10/01/2023
Current rates may differ*

Frequently Asked Questions

Which credit union do I pick?

Update: October 1st: Depending on the project type, Elevations currently has the lowest rates.

Who is Eligible for RENU?

Property owners of existing, single-family homes in Colorado including primary, secondary or income properties, as well as townhouses and condos that don’t have shared heating or cooling systems.

What Can You Finance with RENU?

Solar PV, Space Heating & Cooling, Battery Storage, EV Charging, Insulation and Air Sealing, Water Heating, Windows & Doors and more!

For a full list, please contact the Colorado Clean Energy Fund by clicking here.

Is my HVAC installation eligble for RENU?

RENU requires Energy Star certified equipment & other eligibility measures that we determine at the time of estimating for our customers.

If your estimate from UniColorado lists RENU as a financing option, your installation meets the requirements for RENU & you can apply through any of the three credit unions.


What are the RENU loan rates?

Generally, as of March 13th, 2023, the rates for RENU are starting at 5.24% for 760+ FICO scores for 36 months and vary by loan term and credit scores.

The RENU loan rates are variable & determined by the Colorado Clean Energy Fund based on the loan duration. For most up to date rates we highly recommend you visit RENU’s website by clicking here.

Are there fees associated with a RENU Loan?

There may be certain small fees (typically $5-$20) associated with the initial loan and credit union membership. In addition, RENU might charge a processing fee and a program admin fee that can be rolled into the loan. For full fee structure, please review the rate sheet for each credit union or contact them directly.

Can I pay off the RENU loan at once without penalties?

Yes, there are no pre-payment penalties associated with the RENU residential loan product.

Is there a deposit required when using RENU with UniColorado?

No, UniColorado does NOT require a deposit if you’re financing with RENU.

Who is the program adminstrator for RENU?

The Colorado Clean Energy Fund. You can visit their website by clicking here.

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