Xcel Energy - Residential Energy Efficiency Financing

Last updated: June 04, 2019

Program Overview

Implementing Sector:Utility
Category:Financial Incentive
State:Colorado
Incentive Type:Loan Program
Web Site:https://www.xcelenergy.com/programs_and_rebates/residential_programs_and_rebates/home_energy_efficiency/energy_efficiency_financing_for_new_homes
Utilities:Public Service Co of Colorado
Eligible Renewable/Other Technologies:Solar Photovoltaics
Eligible Efficiency Technologies:Comprehensive Measures/Whole Building, Yes; specific technologies not identified
Maximum Loan:Up to $50,000
Loan Term:3 years to 15 years
Interest Rate:2.75-12.24%

Incentives

Technologies:Solar Photovoltaics, Comprehensive Measures/Whole Building, Yes; specific technologies not identified
Sectors:Residential
Parameters:The incentive has a minimum of $500.00, The incentive has a maximum of $50000.00

Summary

Xcel Energy connects residential customers with third-party lending partners, Elevations Credit Union and Lendkey, to provide qualifying residential customers with access to loan products for home energy efficiency improvements. Loans for qualifying home energy efficiency projects can be combined with rebates to make projects even more affordable (loans are also available for non-rebated measures).

LendKey Home Energy Efficiency Loan: The LendKey Home Energy Efficiency Loan is available to residential customers throughout Xcel Energy’s Colorado service territory. This loan features a field of highly vetted contractors and an instant-approval process.

Elevations Energy Loans: In City and County of Denver and Boulder County, homeowners have access to the Elevations Energy Loan, which offers low interest rates and access to an energy advisor.

Visit the program website for more information on this program.

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