Tackling energy-efficient upgrades to your house can cut back month-to-month utility payments, enhance the worth of your property and reduce your affect on Colorado’s setting. A house vitality mortgage may also help make energy-saving tasks a actuality.
Whereas many owners consider the one qualifying challenge for this mortgage kind is photo voltaic panel set up, a house vitality mortgage can fund many eco-friendly tasks, from heating and cooling to home windows and doorways. Use this listing to encourage your subsequent reworking journey.
What’s a house vitality mortgage?
As a house owner, you possibly can apply for an vitality mortgage to fund tasks that assist make your house extra vitality environment friendly. Whereas the Colorado Residential Power Improve (RENU) Mortgage program gives as much as $75,000, these loans aren’t solely for large house tasks. At Elevations, vitality loans will be as small as $500. That is likely to be the proper quantity to deal with that weekend challenge that’s been lingering in your to-do listing.
Which tasks qualify for a house vitality mortgage?
Bigger tasks can embody photo voltaic panel installations, electrical car charging stations, and insulation and air sealing. Assessment the listing under and observe in case your techniques could possibly be upgraded to be extra environment friendly.
Photo voltaic PV, photo voltaic thermal and extra vitality upgrades
We all know going inexperienced can price some inexperienced. Via the Colorado RENU Mortgage, you possibly can obtain as much as $75,000 for house vitality effectivity upgrades like photo voltaic panel set up.
Talking of vitality system upgrades, you may additionally think about a residential photo voltaic thermal system, which offers sizzling water (warmed by the solar) as vitality to warmth your house.
Different heating and cooling tasks a RENU mortgage can fund embody an air-source warmth pump, central air-con, evaporative cooling, water heater and geothermal.
Electrical car charging station
An vitality mortgage may also help fund a house EV charging station, so you possibly can take pleasure in extra comfort when charging your electrical automotive.
To ensure your house is prepared for this challenge, it’s possible you’ll first have to improve {the electrical} panel—this may be thought of a part of your EV vitality mortgage challenge.
Home windows and doorways
Are you feeling a light-weight breeze close to your home windows and doorways? If the sealing isn’t sufficient to maintain out these drafts, it’s time to buy replacements.
You need to use a house vitality mortgage to buy CCEF-approved home windows and exterior doorways. In case you have a historic house, point out this in your software as it’s possible you’ll want explicit window sorts.
Insulation
Decreasing vitality prices begins with retaining your heating and cooling inside your house. By upgrading the insulation in your house’s partitions, flooring, basis and attic, in addition to changing the seals round your doorways (don’t neglect the storage door, too) and ductwork, you possibly can decrease and stabilize vitality prices.
By finishing insulation duties round your house, the Environmental Safety Company (EPA) estimates you possibly can save a mean of 15% on heating and cooling payments. Meaning an expense at present at $200 per 30 days would drop to $170.
Fund your house vitality challenge.
Whether or not you’re seeking to replace your electrical system to permit for a house charging system or exchange your home windows with extra environment friendly choices, you possibly can fund your house vitality challenge regionally.
Elevations’ house vitality loans can be found to owners by the Colorado RENU Mortgage. The web site additionally has a listing of CCEF-approved contractors.
You possibly can study extra about Elevations vitality loans on our web site and thru these weblog articles:
❓ What’s the method to qualify for a house vitality mortgage?
