CORE's Guide to Funding Energy Upgrades

Financing + Other Funding
Sometimes you need a loan for the biggest projects, but did you know that building or renovating with energy efficiency in mind can get you more favorable terms?

Check out these carbon-cutting loan options:
- Energy Efficiency Mortgages (EEM) – Whether you are renovating or building a brand new home, an EEM is a great place to start, especially if you are a veteran. You’ll need a HERS rating, but don’t worry…CORE will help you get it done.
- Clean Energy Credit Union – This credit union only funds green projects. If you are adding renewable energy, renovating your home with energy efficiency in mind or looking to buy an electric vehicle, they should have you covered. It’s also a great option when considering an EEM.
- RENU Loans – Finance 100% of your energy project for up to 15 years on a low-interest rate by applying for a RENU loan.
- Alpine Bank’s Green Lending Program – Alpine bank has made some serious environmental commitments and they are putting their money where their mouth is. They will give you a discount on a home equity loan or line of credit if you plan to make energy improvements. Bonus, walk right into any of the branches located throughout the Valley.
Tax Credits
Tax credits can subsidize the cost of energy retrofits, big time.

There are state and federal credits available for all sorts of energy improvements from installing renewable energy systems to getting an electric vehicle. A perfect place to start is the DSIRE. It’s a one stop shop with all of your options in one place. Just punch in your zip code and you are off and running.

These three state and federal tax credits are a great place to start:

- Federal Renewable Energy Tax Credits – The federal government will provide a tax credit of up to 26% of your renewable energy project cost. That includes solar PV, solar thermal, geothermal, wind, biomass and more. If it’s renewable, it’s most likely covered.
- Equipment Tax Credits for Primary Residences – Pile an equipment tax credit on top of your rebates – 10% of your project cost up to $500.
- Colorado Residential Renewable Energy Credits – This one is a little more confusing, but basically you won’t be taxed on property that provides renewable energy to your residence. Did you install solar panels that increased your property value? Have a county assessor come up and verify that you don’t need to pay property tax on your panels.