For Homeowners

Family in front of homeWith the RENU Loan, you can:

  • Retrofit your home and make it more energy efficient
  • Stop wasting energy
  • Lower your utility bills
  • Make your home more comfortable and less drafty
  • Go green and install a solar energy system
  • Replace aging or broken equipment such as an air conditioner, water heater or furnace
  • Avoid putting expenses on a high-interest credit card
  • Take advantage of an easy loan and project approval process
  • Trust the program because it’s sponsored by the State of Colorado and Elevations Credit Union, a not-for-profit financial institution that has served Colorado since 1953

About the Loan:

  • Finance 100% of project costs
  • Loans are available from $500 to $35,000 up to 15-year terms
  • Interest rates start at 2.75% for FICO scores of 740+ and a 3-year term
  • Borrowers approved with credit scores as low as 580
  • There are no prepayment penalties
  • Nominal loan fees
  • No cost re-amortization with a principal payment of $1,000 or more

Who’s eligible?

Property owners of existing, single-family homes in Colorado. Primary, secondary or income properties are eligible as well as townhomes and condos (shared heating or cooling systems are not eligible).


How to get started:

  1. Work with a RENU-authorized contractor to identify qualifying energy improvements and a project cost estimate for your home.
  2. Apply for the loan through Elevations Credit Union online at or by calling 800-429-7626. (Customers may seek pre-approval from Elevations prior to engaging with an authorized contractor.)
  3. Provide contractor quote and requested loan documentation to Elevations (verification of income, etc.).
  4. Receive loan and project approval.
  5. Schedule work directly with contractor.
  6. Contractor installs approved measures.
  7. Notify Elevations when work is complete. Elevations will send you the loan closing documents which you can sign electronically or in person.
  8. Your contractor will electronically sign an affidavit stating the work is completed. Elevations will pay the contractor directly.
  9. Start enjoying your home energy improvements and begin repaying the loan directly to the lender.

For any questions, please contact: Jeffrey King, Program Manager, Colorado Energy Office, 303-866-2259.