Financial Resources

Financing should not be a barrier to improving energy efficiency in your commercial and residential buildings. Listed below are many organizations who provide loans and grants related to energy efficiency upgrades and renewables.

For additional resources, check out PACE’s Energy Rebates and Incentives section.

Download a spreadsheet containing this information.

Organizations Providing Energy Loans

Clean Energy Credit Union

Provides Residential Loans: Yes
Provides Commercial Loans: No
Type of Loans: Home energy loans for single family
Type of Products: Solar, geothermal, E-bike loan, green auto, green home improvement, energy analysis and monitoring, building envelope, HVAC, water heating, lighting, pool products, appliances, EV charging, emerging and other clean energy technologies, and investment products
Easy Process/Minimal Paperwork: Yes
Rates: Fixed
Term: 10 or 20 years depending on loan type
Qualifications: Owned, single family, meet underwriting criteria
Online Application Available: Yes
Timeline Approval: 24-48 Hours
Timeframe for Applications: No
Other Info: None
Minimum Amount: $1,000
Maximum Amount: $110,000 Household limit
Website: Clean Energy Credit Union
Contact: Rick Tazelaar – 720-479-7900

Colorado C-PACE

Provides Residential Loans: Multifamily
Provides Commercial Loans: Yes
Type of Loans: Energy loans for multi family 5+ units; industrial, commercial, agricultural, and nonprofit; existing and newly constructed Properties
Types of Products: Energy efficiency, water conservation and electrification, renewable energy improvements, and other improvements to the property to reduce its energy or water use
Easy Process/Minimal Paperwork: Yes
Rates: Fixed
Term: Up to 25 years
Qualifications: To be eligible for C-PACE financing, projects must be located on eligible real property and be owned by an eligible property owner (including individuals, business entities, and nonprofit companies). Complete prequalification submission form.
Online Application Available: No
Timeline for Approval: Varies
Timeframe for Applications: No
Other Info: Larger loan amounts, repaid through a voluntary special assessment on the owner’s property tax bill. Tax lien attaches to the property and transfers with ownership. Up to 100% financing. No out of pocket costs.
Minimum Amount: $50,000
Maximum Amount: No Maximum
Website: C-PACE Financing
Contact: Tracy Phillips, Program Administration – tphillips@copace.com, 720-933-8143

Colorado Clean Energy Fund

Provides Residential Loans: Yes
Provides Commercial Loans: Yes
Type of Loans: Clean Energy Fund Program
Types of Projects: Commercial, affordable housing, single family home, energy efficiency and clean energy, EV charging, renewables, electrification
Easy Process/Minimal Paperwork: Yes
Rates: Fixed
Term: Up to 25 years
Qualifications: Underserved Commercial & Residential Properties
Online Application Available: No
Timeline for Approval: Varies
Timeframe for Applications: No
Other Info: More inclusive underwriting criteria
Minimum Amount: $1,000
Maximum Amount: $500,000
Website: Colorado Clean Energy Fund
Contact: Paul Schafenberger – paul@cocleanenergyfund.com, 970-275-8482

Colorado Enterprise Fund

Provides Residential Loans: No
Provides Commercial Loans: Yes
Type of Loans: Small Business, Veteran, Equity, ITIN Loans, Community, Health Food Access
Types of Projects: For working capital, equipment, inventory, property improvements, business purchase, or commercial real estate
Easy Process/Minimal Paperwork: Yes
Rates: Fixed
Term: 10 years
Qualifications: Small Business Owner
Online Application Available: Yes
Timeline for Approval: Varies
Timeframe for Applications: No
Other Info: Hard to qualify
Minimum Amount: $1,000
Maximum Amount: $1,000,000
Website: Colorado Enterprise Fund
Contact: info@coloradoenterprisefund.org , 303-860-0242

Colorado Renu Loan

Provides Residential Loans: Yes
Provides Commercial Loans: No
Type of Loans: Property owners of existing, single-family homes in Colorado. Primary, secondary or income properties are eligible as well as townhomes and condos.
Types of Projects: Solar PV and solar thermal, space heating and cooling, Insulation and air sealing, water heating, windows and doors, and others
Easy Process/Minimal Paperwork: Yes
Rates: Fixed
Term: 15 years (or 20 years for solar PV)
Qualifications: Owned, single family home or up to 4 units. Meet underwriting criteria. Project must come through an authorized contractor and must be eligible measures. Apply through approved credit union.
Online Application Available: No
Timeline for Approval: Varies
Timeframe for Applications: No
Other Info: Variety of 3 credit union lenders to chose from. No household appliances.
Minimum Amount: $1,000
Maximum Amount: $50,000
Website: Colorado Renu Loan
Contact: Jeffrey King – ceo_renuloan@state.co.us, 720-326-1185

Alpine Bank

Provides Residential Loans: Yes
Provides Commercial Loans: Yes
Type of Loans: Green Lending Program
Types of Projects: Solar electric or solar thermal systems; geothermal systems; ENERGYSTAR® home appliances; Xeriscape landscaping; HVAC/swamp cooler; hybrid, plug-in hybrid electric, and electric vehicle loans; fuel-efficient business vehicles and real estate-secured loans
Easy Process/Minimal Paperwork: Yes
Rates: 1/2% rate discount
Term: 10 years
Qualifications: Small business owner or home owner
Online Application Available: No
Timeline for Approval: Varies
Timeframe for Applications: No
Other Info: Larger loan amounts
Minimum Amount: $50,000
Maximum Amount: $400,000
Website: Alpine Bank’s Green Loan
Contact: Susan Graff or Gary Lominowski – Boulder Branch, 2375 Canyon Blvd, Boulder, CO, 80302, 303-440-2982

Elevations Credit Union

Provides Residential Loans: Yes
Provides Commercial Loans: Yes
Type of Loans: Home Energy Loans
Types of Projects: Rooftop solar panels, heating, ventilation and air conditioning (HVAC), windows, insulation and air sealing, ENERGY STAR® appliances, lighting, water heating, energy assessments and monitoring
Easy Process/Minimal Paperwork: Yes
Rates: Fixed
Term: Up to 20 years, dependent on loan amount
Qualifications: Small business owner or home owner
Online Application Available: No
Timeline for Approval: Varies
Timeframe for Applications: No
Other Info: Smaller loan amounts
Minimum Amount: $500 Home, $1000 Business
Maximum Amount: $50,000
Website: Elevations CU Home Energy Loans
Contact: Downtown Boulder Branch, 1301 Walnut St, Suite 100 Boulder, CO, 303-443-4672

USDA

Provides Residential Loans: Yes
Provides Commercial Loans: Yes
Type of Loans: Section 504 Home Repair program
Types of Projects: Loans: may be used to repair, improve, or modernize homes or to remove health and safety hazards. Grants: must be used to remove health and safety hazards
Easy Process/Minimal Paperwork: Yes
Rates: Fixed at 1%
Term: Up to 20 years
Qualifications: To qualify, you must: Be the homeowner and occupy the house. Be unable to obtain affordable credit elsewhere. Have a family income below 50 percent of the area median income. For grants, be age 62 or older and not be able to repay a repair loan.
Online Application Available: Yes
Timeline for Approval: Varies
Timeframe for Applications: Applications are available year round as long as funding is available and are processed in the order they are received.
Other Info: Applicants may check the address of their home to determine eligibility.
Minimum Amount: Varies
Maximum Amount: Maximum loan is $20,000. Maximum grant is $7,500. Loans and grants can be combined for up to $27,500 in assistance.
Website: Single Family Housing Repair Loans and Grants in Colorado
Contact: State Office, USDA Rural Development, Denver Federal Center, codirinquiries@co.usda.gov, 720-544-2903