Which Projects Qualify for a Home Energy Loan?

couple discussing home improvements

Energy-efficient upgrades to your home can help reduce your monthly utility bills and your impact on Colorado’s environment. While many homeowners believe the only project that will qualify for a home energy loan is installing solar panels, there are actually many other projects a home energy loan can be used for. Home energy loans also don’t have to be used for huge home projects; the minimum amount Elevations will finance for a home energy loan is $500.

So what projects qualify for a home energy loan?

Space heating & cooling

  • ENERGY STAR-rated furnaces and boilers
  • Central air conditioning (window AC units do not qualify)
  • Evaporative coolers, either whole home, window or wall units

Insulation & air sealing

  • Wall, floor, foundation, ceiling or attic insulation
  • Air and duct sealing

Water heating

  • ENERGY STAR-rated traditional storage or tankless water heaters
  • Heat pump hot water heaters

Energy analysis & monitoring

  • Energy audits, home monitoring equipment, and smart or programmable thermostats
  • Energy audits conducted by local contractors in your area

Windows, doors & skylights

  • ENERGY STAR-rated windows and exterior doors
  • Historic windows can be restored as part of the financing, but application must have prior approval

Efficient Appliances

  • ENERGY STAR appliances such as refrigerators, clothes washers, dryers, dishwashers and freezers

Lighting

  • Including LED light bulbs and necessary hardware

Solar PV & solar thermal

  • Solar PV, or photovoltaic, refers to solar panels that typically get installed on a roof; they convert solar energy to electricity
  • A residential solar thermal system typically is used to provide hot water or heat to a home

Elevations energy loans are available to homeowners in Boulder County through EnergySmart, in Fort Collins through Efficiency Works™, and statewide through the RENU program. If you are not sure where to begin, call an Energy Advisor at 303.544.1000 (EnergySmart in Boulder County), 877.981.1888 (Efficiency Works™ in Fort Collins) or you can find participating contractors outside of these cities on RENU’s website. Your energy advisor will help you identify available rebates and financial incentives, plus connect you with a participating contractor. Learn more about all of our energy loans here.

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