Financial Funding & Resources

Financing should not be a barrier to improving energy efficiency in your commercial and residential buildings. Use this database to find loans and grants related to energy efficiency upgrades and renewables.

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

 

 

ENERGY LOANSCLEAN ENERGY CREDIT UNIONCOLORADO C-PACECOLORADO CLEAN ENERGY FUNDCOLORADO ENTERPRISE FUNDCOLORADO RENU LOANALPINE BANKELEVATIONS CREDIT UNIONUSDA
RESIDENTIAL XMultifamilyXXXXX
COMMERCIALXXXXXX
TYPE OF LOANSHome Energy Loans for Single familyEnergy Loans for Multi Family 5+ units, Industrial, Commercial,Agricultural, and Nonprofit, Exisiting and Newly Constructed PropertiesClean Energy Fund ProgramSmall Business, Veteran, Equity, ITIN Loans, Community, Health Food AccessProperty owners of existing, single-family homes in Colorado. Primary, secondary or income properties are eligible as well as townhomes and condos.Green Lending ProgramHome Energy LoansSection
504 Home Repair program
TYPE OF PROJECTSSolar, Geo Thermal, E-Bike Loan, Green Auto, Green Home Improvement ; Energy Analysis & Monitoring, Building Envelope, HVAC, Water Heating, Lighting, Pool products, Appliances, EV charging,Emerging and Other clean energy technologies, and Investment productsEnergy efficiency, water conservation and electrification, renewable energy improvements and other improvements to the property to reduce its energy or water use Commerical, affordable housing , single family home, energy efficiency and clean energy, EV Charging,enewables, electrificationFor working capital, equipment, inventory, property improvements, business purchase, or commercial real estate.Solar PV & solar thermal, space heating & cooling,
Insulation & air sealing,
water heating,
windows & doors,
and others
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
Rooftop solar panels,
Heating, ventilation and air conditioning (HVAC),Windows,
Insulation and air sealing,
ENERGY STAR® appliances,
Lighting,
Water heating,
Energy assessments and monitoring
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 PAPERWORKYESYESYESYESYESYESYESYES
RATESFIXEDFIXEDFIXEDFIXEDFIXED1/2 % RATE DISCOUNTFIXEDFIXED at 1%
TERM10 or 20 Years Depending on loan typeUp to 25 yearsUp to 25 years10 YEARS15 years (or 20 years for solar PV)10 YEARSUp to 20 years, dependant on loan amountUp to 20 years
QUALIFICATIONSOwned, Single family Meet underwriting criteria. 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 submitssoin form.
Underserved Commerical & Residential PropertiesSmall Business Owner 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. Small Business Owner or Home OwnerSmall Business Owner or Home OwnerTo 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 AVAILABLEYESNONOYESNONONOYES
TIMELINE APPROVAL24-48 HoursVARIESVARIESVARIESVARIESVARIESVARIESVARIES
TIMEFRAME FOR APPLICATIONSNONONONONONONOApplications are available year round as long as funding is available and are processed in the order they are received.
OTHER INFOLarger 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. More inclusive underwriting criteria Hard to qualifyVariety of 3 credit union lenders to chose from. No household appliances.Larger Loan AmountsSmaller Loan AmountsApplicants may check the address of their home to determine eligibility. https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfpd
MINIMUM AMOUNT10005000010001000100050000$500 Home, $1000 BusinessVARIES
MAXIMUM AMOUNT$110,000 Household LimitNO MAX50000010000005000040000050000Maximum loan is $20,000. Maximum grant is $7,500.
Loans and grants can be combined
for up to $27,500 in assistance.
WEBSITEhttps://www.cleanenergycu.org/home/homehttps://copace.com/https://www.cocleanenergyfund.com/https://coloradoenterprisefund.org/Loanshttps://energyoffice.colorado.gov/clean-energy-programs/colorado-renu-loanhttps://www.alpinebank.com/personal/personal-loans/green-lending.htmlhttps://www.elevationscu.com/loans/energy-loans?faq=0,1,3https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-repair-loans-grants/co
CONTACTRick Tazelaar 720-479-7900Program Administration
Tracy Phillips 720.933.8143
tphillips@copace.com
Paul Schafenberger paul@COCLEANENERGYFUND.COM 970.275.8482info@coloradoenterprisefund.org 303.860.0242Jeffrey King : ceo_renuloan@state.co.us 720.326.1185Susan Graff or Gary Lominowski , Boulder Branch 2375 Canyon Blvd.
Boulder, CO 80302 303.440.2982
Boulder Downtown
1301 Walnut St., Suite 100 Boulder, CO 303. 443.4672
State Office
USDA Rural Development
Denver Federal Center
720.544.2903
codirinquiries@co.usda.gov