RENU LOAN
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.
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.
Not an Xcel customer, or want to compare? See all financing options or pay on your Xcel bill with ClearPath. Looking for a heat pump? See our heat pump services.
Rates and terms
| RENU - Elevations CU | RENU - Westerra CU | |
|---|---|---|
| Who it's for | Colorado homeowners, credit score 580+ | Colorado homeowners, credit score 580+ |
| Amount | Up to $75,000 | Up to $75,000 |
| Terms | 36-180 months | [CONFIRM] |
| 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] |
| Down payment | $0 | $0 |
| Fees | 1% program fee to CCEF, $25 processing, $5 membership, UCC filing fee | 1% program fee to CCEF [CONFIRM others] |
| Lien on home | No (UCC-1 on equipment only) | No (UCC-1 on equipment only) |
| Prepayment penalty | None | None |
| You pay | Elevations monthly | Westerra monthly |
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. Veteran HCPE is not a lender.
Get a RENU quote
Veteran Heating, Cooling, Plumbing & Electric is [CCEF WORDING: e.g., "an authorized RENU and ClearPath contractor"]. Veteran-owned and serving the Denver metro and Northern Colorado.
RENU Loan 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.
Is there a lien on my home?
No. RENU lenders file a UCC-1 on the installed equipment only.
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. Repairs and tune-ups don't qualify.
Can I still get rebates?
Yes. 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.
My system just failed. Can I still use RENU?
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. RENU has no prepayment penalty.
What happens if I sell my home?
A RENU loan is a loan to you, not to the house.
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.
Do I have to own the home?
Yes. RENU is for owners, and also covers rentals and second homes you own.