FINANCING
Too many Denver homeowners face high costs and poor service from companies that lack real connection to the community.
At Veteran Heating, Cooling, Plumbing & Electric, we deliver trusted, expert care with no trip fees, lifetime warranties, and a veteran-owned team that puts integrity and people first.
Choose your financing path
Two Colorado programs built for energy upgrades, plus financing for every other job. We'll show you the options on your quote and handle the paperwork.
RENU Loan
A fixed-rate energy upgrade loan from a Colorado credit union.
- Borrow up to $75,000
- Fixed APR, with terms up to 15 years on heating, cooling, and water heating
- No lien on your home and no prepayment penalty
- Offered through Elevations Credit Union or Westerra Credit Union
- Covers high-efficiency heat pumps, furnaces, AC, water heaters, panel upgrades paired with a qualifying upgrade, Level 2 EV chargers, insulation, and windows
Subject to credit approval and lender underwriting; minimum credit score 580. Equipment must meet program efficiency standards. See rates and terms below.
Pay on your Xcel bill with ClearPath
Finance a heat pump and repay it as a line on your Xcel Energy bill.
- Approval is based on your Xcel bill-payment history, not a credit score
- Fixed rates, terms from 3 to 10 years
- Projects from $1,500 to $50,000 per electric meter
- Covers heat pumps (including dual-fuel systems), heat pump water heaters, panel upgrades the heat pump needs, and smart thermostats
For Xcel Energy electric customers. Subject to program approval. Repayment stays with the electric meter if you sell your home and must be disclosed to the buyer. See rates and terms below.
Financing for any job
Repairs, plumbing, electrical, and projects outside the energy programs.
- No equity or appraisal required for personal loans
- 0% promotional APR offers
- Financing in 2-3 business days
- Financing for all types of jobs
- Credit scores as low as 550*
- Instant results in 2 minutes or less
- Loan requests up to $200,000*
- Rates as low as 7.99%*
Rates and terms
| RENU - Elevations CU | RENU - Westerra CU | ClearPath On-Bill (Xcel) | Financing for any job | |
|---|---|---|---|---|
| Who it's for | Colorado homeowners, credit score 580+ | Colorado homeowners, credit score 580+ | Xcel electric customers named on the account and owning the home | Any customer, any job |
| Amount | Up to $75,000 | Up to $75,000 | $1,500-$50,000 per meter | Per existing page |
| Terms | 36-180 months | [CONFIRM] | 3, 5, 7, or 10 years | Per existing page |
| APR | 6.99%-10.865% fixed, based on credit and term [CONFIRM current sheet] | As low as 7.74% fixed (as of 9/1/2026) [CONFIRM range] | 4.50%-5.49% fixed rate [CONFIRM APR including 2% fee] | Per existing page |
| Down payment | $0 | $0 | $0 | Per existing page |
| Fees | 1% program fee to CCEF, $25 processing, $5 membership, UCC filing fee | 1% program fee to CCEF [CONFIRM others] | 2% origination, added to balance | Per existing page |
| Lien on home | No (UCC-1 on equipment only) | No (UCC-1 on equipment only) | No (notice filed with county) | Per existing page |
| Prepayment penalty | None | None | None | Per existing page |
| You pay | Elevations monthly | Westerra monthly | On your Xcel bill | Your lender |
Rates as of [DATE from admin lead] and subject to change. All financing subject to approval. RENU loans are made by Elevations Credit Union or Westerra Credit Union; ClearPath is administered by the Collective Clean Energy Fund. Veteran HCPE is not a lender.
How it works
1. We quote it
Your comfort advisor recommends equipment and shows which programs it qualifies for.
2. You choose
We send the application for the program you pick.
3. You're approved
RENU decisions usually take 3-5 business days. Then we schedule your install.
4. We install
The lender pays us directly. You make monthly payments to your credit union, or on your Xcel bill with ClearPath.
Find my financing option
Veteran Heating, Cooling, Plumbing & Electric is an authorized RENU and ClearPath contractor. Veteran-owned and serving the Denver metro and Northern Colorado.
Financing FAQ
What is the RENU Loan?
A Colorado program that offers fixed-rate loans for energy upgrades through Elevations Credit Union and Westerra Credit Union. The Collective Clean Energy Fund runs the program with Colorado Energy Office support. A participating contractor like us helps you apply.
What is ClearPath On-Bill?
A financing program for Xcel Energy electric customers. The Collective Clean Energy Fund pays for your upgrade, and you repay it as a fixed monthly line on your Xcel bill.
Which option is right for me?
ClearPath usually has the lower rate and doesn't use a credit score, but it covers electric equipment only, mainly heat pumps. RENU covers more equipment, including high-efficiency gas furnaces and water heaters, and larger projects up to $75,000. Your comfort advisor will show you both when you qualify.
Is there a lien on my home?
No. RENU lenders file a UCC-1 on the installed equipment only. ClearPath files a notice with the county; it is not a lien.
What equipment qualifies?
High-efficiency heat pumps, central AC, 95%+ AFUE furnaces, heat pump and high-efficiency water heaters, Level 2 EV chargers, insulation, and windows meet RENU standards when they hit program efficiency levels. Panel upgrades qualify when they're needed for a qualifying upgrade. ClearPath covers heat pumps, heat pump water heaters, required panel upgrades, and smart thermostats. Repairs and tune-ups don't qualify.
Can I still get rebates?
Yes. With ClearPath, available rebates are applied up front and lower the amount you finance. With RENU, you can put a rebate or tax credit toward your loan and have your payment recalculated.
How long does approval take?
RENU decisions usually take 3-5 business days. [CONFIRM ClearPath timing]
My system just failed. Can I still use these programs?
Call us first. Because RENU approval takes a few days, we'll walk you through your options, including financing that can give you a decision in minutes.
Can I pay it off early?
Yes. Neither program has a prepayment penalty.
What happens if I sell my home?
A RENU loan is a loan to you, not to the house. A ClearPath balance stays with the electric meter: the buyer takes over the payments when service transfers, and you must disclose it to them.
Do I need to be a credit union member?
For RENU, you'll open a membership with Elevations or Westerra when you apply ($5 at Elevations).
I'm not an Xcel customer.
RENU works with any utility. Some Colorado electric co-ops offer their own on-bill program; ask us.
Do I have to own the home?
Yes. Both programs are for owners. RENU also covers rentals and second homes you own.