City and County of Denver - Elevations Energy Loans (Colorado)
Last modified on January 5, 2015.
Financial Incentive Program
|Name||City and County of Denver - Elevations Energy Loans|
|Incentive Type||Local Loan Program|
|Applicable Sector||Commercial, Residential|
|Eligible Technologies||Clothes Washers/Dryers, Dishwasher, Refrigerators, Water Heaters, Lighting, Furnaces, Heat pumps, Central Air conditioners, Duct/Air sealing, Building Insulation, Windows, Motors, Solar Water Heat, Photovoltaics, Geothermal Heat Pumps|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|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
|Program Administrator||Elevations Credit Union|
|Date added to DSIRE||2012-09-26|
|Last DSIRE Review||2014-06-26|
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 EnergySmart and Denver Energy Challenge, respectively. Homeowners must select from a qualified pool of contractors. All borrowers will be required to pay a $25 processing fee and 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 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 http://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 http://www.denverenergy.org or 720-865-5520 for more information. This video also provides additional information.
|Contact Name||Elevations Energy Loans Program|
|Department||Elevations Credit Union|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.