Colorado Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 09/26/2012
Program Overview:
| State: |
Colorado |
| Incentive Type: |
Local Loan Program |
| Eligible Efficiency Technologies: |
Clothes Washers, Dishwasher, Refrigerators, Water Heaters, Lighting, Furnaces , Heat pumps, Central Air conditioners, Duct/Air sealing, Building Insulation, Windows, Motors, Commercial Refrigeration Equipment, Food Service Equipment |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Photovoltaics, Geothermal Heat Pumps |
| Applicable Sectors: |
Commercial, Residential |
| Amount: | Residential: $500 - $25,000
Commercial: $1,000 - $150,000 |
| Terms: | Terms range from 36 months to 10 years
Rates start as low as 2.75% APR for homes and 3.75% for businesses |
| Web Site: |
https://www.elevationscu.com/energyloans
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Summary:
The Elevations Energy Loan can be used to finance a wide variety of efficiency and renewable energy projects in homes and businesses. Homes and businesses located in Boulder County or the City and County of Denver are eligible for the low-cost financing. Loan applicants receive assistance from an Energy Advisor through the respective program (EnergySmart in Boulder County; Denver Energy Challenge in the City/County of Denver). In order to qualify for solar PV and geothermal upgrades, borrowers must achieve 15% energy efficiency improvements to the property through these respective programs. Solar thermal technologies are not required to meet this 15% requirement. Homeowners must select from a qualified pool of contractors. A $25 processing fee will be applied and all borrowers will be required to become members of Elevations Credit Union.
Elevations Credit Union has partnered with Boulder County and the City/County of Denver to offer this full-suite of services. Both programs (EnergySmart and the Denver Energy Challenge) help residents and businesses identify, finance, and schedule energy improvements in their homes. The “One Stop Shop” aims to reduce the hassles and hurdles associated with improving a home’s or business’s energy efficiency and comfort by providing an energy advisor to each participant. The advisor can assist with scheduling an energy assessment, reviewing contractor bids, and identifying and applying for all applicable incentives.
Residents and businesses in Boulder County can contact EnergySmart at www.EnergySmartYES.com or 303-441-1300 (for businesses) and 303-544-1000 (for homes) for more information. Residents and businesses in the City and County of Denver can contact the Denver Energy Challenge at www.denverenergy.org or 720-865-5520 for more information. This video also provides additional information.
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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