Interested in financing your solar installation? We have multiple $0-down, low-interest solar loan options available. The process is simple and we’re here to guide you every step of the way.
Residential Solar Loan Options
The RENU Loan
This statewide program sponsored by the Colorado Clean Energy Fund. They work with CO-based credit unions, and all are great lender options offering low, fixed interests rates and no pre-payment penalties. An added benefit: no dealer fees! Something most loan programs can’t offer. To utilize RENU, simply choose your preferred credit union and apply!
Elevations Credit Union
- Terms up to 20 years, one loan, finance up to $75,000
Click Here to Apply or call 800-429-7626
Westerra Credit Union
- Terms up to 20 years, one loan, finance up to $50,000
Click Here to Apply or call 303-321-4209
Clean Energy Credit Union
- Finance up to $90,000, two-part loan leverages 30% tax credit, terms up to 20 years
Click Here to Apply or call 720-479-7900
2. LPEA’s Go Green On-Bill Financing
This is a local loan program available to LPEA customers via a partnership with First SW Bank. The program supports energy efficiency and renewable energy projects.
- Loans up to $35,000, payments made on your monthly electric bill, 10 and 15 year terms depending on loan amount.
- Important Condition: The solar array being funded can not make more than 100% of the annual historical electric consumption at the service location.
Commercial Solar Loan Options
Colorado C-PACE
This program - which stands for Commercial-Property Assessed Clean Energy - enables commercial property owners to finance up to 100% of their energy efficiency, renewable energy, and water conservation projects. The financing is provided by private capital partners at competitive fixed interest rates with repayment terms up to 25 years. The loans are repaid over time via a voluntary county property tax assessment with payments placed on your property tax bill. Plus, since the loan is attached to the property, not the owner, they are transferrable when you sell.
Currently La Plata County and Montezuma County are C-PACE participants.
USDA REAP Grant
The USDA’s Rural Energy for America Program (REAP) pays for 25% of your solar energy project. There is an application process, but Shaw Solar’s in-house grant experts draft and submit that for you AT NO COST. To date we’ve brought in hundreds of thousands of dollars in grant funding to our area. Let us help you be the next business to benefit!