Tackling energy-efficient upgrades to your house can scale back month-to-month utility payments, increase the worth of your property and reduce your influence on Colorado’s surroundings. A house vitality mortgage may also help make energy-saving tasks a actuality.
Whereas many householders imagine the one qualifying mission for this mortgage sort 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 checklist to encourage your subsequent transforming journey.
What’s a house vitality mortgage?
As a house owner, you’ll be able to 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 presents as much as $75,000, these loans aren’t solely for enormous dwelling tasks. At Elevations, vitality loans may be as small as $500. That may be the proper quantity to deal with that weekend mission that’s been lingering in your to-do checklist.
Which tasks qualify for a house vitality mortgage?
Bigger tasks can embrace photo voltaic panel installations, electrical automobile charging stations, and insulation and air sealing. Assessment the checklist under and word in case your methods might be upgraded to be extra environment friendly.
Photo voltaic PV, photo voltaic thermal and extra vitality upgrades
We all know going inexperienced can value some inexperienced. Via the Colorado RENU Mortgage, you’ll be able to obtain as much as $75,000 for dwelling vitality effectivity upgrades like photo voltaic panel set up.
Talking of vitality system upgrades, you may also think about a residential photo voltaic thermal system, which gives scorching water (warmed by the solar) as vitality to warmth your house.
Different heating and cooling tasks a RENU mortgage can fund embrace an air-source warmth pump, central air-con, evaporative cooling, water heater and geothermal.
Electrical automobile charging station
An vitality mortgage may also help fund a house EV charging station, so you’ll be able to take pleasure in extra comfort when charging your electrical automobile.
To verify your house is prepared for this mission, you could first must improve {the electrical} panel—this may be thought of 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 use a house vitality mortgage to buy CCEF-approved home windows and exterior doorways. When you have a historic dwelling, point out this in your software as you could want specific window varieties.
Insulation
Decreasing vitality prices begins with holding 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 overlook the storage door, too) and ductwork, you’ll be able to decrease and stabilize vitality prices.
By finishing insulation duties round your house, the Environmental Safety Company (EPA) estimates you’ll be able to save a mean of 15% on heating and cooling payments. Meaning an expense at present at $200 per thirty days would drop to $170.
Fund your house vitality mission.
Whether or not you’re seeking to replace your electrical system to permit for a house charging system or substitute your home windows with extra environment friendly choices, you’ll be able to fund your house vitality mission domestically.
Elevations’ dwelling vitality loans can be found to householders via 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