Financing

Colorado Residential Energy Upgrade (RENU) Loans

EASY & AFFORDABLE

Financing

ABE Heating and Cooling offers financing through RENU and Synchrony Financial to help you take control of your energy costs and make your home more comfortable.

Colorado Residential Energy Upgrade (RENU) Loan

ABE Heating and Cooling offers RENU for financing. The RENU Loan program is a statewide residential loan program, sponsored by the Colorado Clean Energy Fund (CCEF)*, that makes home energy upgrades easy and affordable by offering low-cost, long-term financing for energy efficiency and renewable energy improvements.

Colorado RENU Loan Terms

  • Loan Amount: Up to $75,000
  • Term: Up to 20 Years, no money down
  • Rate: Low, fixed interest rate
  • Repayment: Monthly principal and interest payments; no pre-payment penalties

What Can You Finance?

  • Air Source Heat Pumps
  • Water Source Heat Pumps
  • Mini Split Heat Pumps
  • Geothermal Heat Pumps
  • Electric Water Heaters
  • Heat Pump Water Heaters

Synchrony Transact

Synchrony Transact makes it easy for you to secure financing by using a simple, streamlined 3-step financing process.

1. Apply for a credit card.

  • Review available promotional offers and estimated monthly payments
  • Receive and review a printed copy of the Terms and Conditions (T&C)
  • Show two forms of ID
  • Provide contact info and income
  • Review your application on screen
  • You’ll get a response within minutes!

2. Use your credit. 

  • ABE will enter in all of the project details and submit for your review.

3. Approve the transaction.

Synchrony Transact
CCEF Logo

On Bill Repayment Program

The On-bill Repayment Program (OBR) is a mechanism by which a resident or business owner can install certain energy upgrades to their property at no upfront cost and repay the cost of the measure and installation via a voluntary tariff on their monthly utility bill. The term “repayment” included in OBR denotes the fact that a third party, in this case CCEF, provides the upfront funding for the installation.

This program allows customers from Gunnison County Electric Association, Sangre de Cristo Electric Association, San Luis Valley Electric & soon to be Mountain View Electric, to finance their energy efficient upgrade through their service provider.