Tackling energy-efficient upgrades to your private home can scale back month-to-month utility payments, increase the worth of your property and reduce your influence on Colorado’s setting. A house vitality mortgage may help make energy-saving initiatives a actuality.
Whereas many householders consider the one qualifying mission for this mortgage sort is photo voltaic panel set up, a house vitality mortgage can fund many eco-friendly initiatives, from heating and cooling to home windows and doorways. Use this record to encourage your subsequent transforming journey.
What’s a house vitality mortgage?
As a home-owner, you may apply for an vitality mortgage to fund initiatives that assist make your private home extra vitality environment friendly. Whereas the Colorado Residential Power Improve (RENU) Mortgage program presents as much as $75,000, these loans aren’t solely for large residence initiatives. At Elevations, vitality loans may be as small as $500. That could be the right quantity to sort out that weekend mission that’s been lingering in your to-do record.
Which initiatives qualify for a house vitality mortgage?
Bigger initiatives can embody photo voltaic panel installations, electrical automobile charging stations, and insulation and air sealing. Evaluation the record beneath and observe in case your methods may very well 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. By way of the Colorado RENU Mortgage, you may obtain as much as $75,000 for residence 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 gives scorching water (warmed by the solar) as vitality to warmth your private home.
Different heating and cooling initiatives a RENU mortgage can fund embody an air-source warmth pump, central air con, evaporative cooling, water heater and geothermal.
Electrical automobile charging station
An vitality mortgage may help fund a house EV charging station, so you may get pleasure from extra comfort when charging your electrical automotive.
To verify your private home is prepared for this mission, you might first must improve {the electrical} panel—this may be thought-about a part of your EV vitality mortgage mission.
Home windows and doorways
Are you feeling a lightweight 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 should utilize a house vitality mortgage to buy CCEF-approved home windows and exterior doorways. You probably have a historic residence, point out this in your utility as you might want specific window varieties.
Insulation
Decreasing vitality prices begins with preserving your heating and cooling inside your private home. 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 may decrease and stabilize vitality prices.
By finishing insulation duties round your private home, the Environmental Safety Company (EPA) estimates you may save a median of 15% on heating and cooling payments. Which means an expense presently at $200 monthly would drop to $170.
Fund your private home vitality mission.
Whether or not you’re trying to replace your electrical system to permit for a house charging system or exchange your home windows with extra environment friendly choices, you may fund your private home vitality mission domestically.
Elevations’ residence vitality loans can be found to householders by way of the Colorado RENU Mortgage. The web site additionally has an inventory of CCEF-approved contractors.
You possibly can be taught 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?
🌳 Dwelling vitality audits 101
