If you have interest in financing for your solar project, here are some options…
COLORADO RENU LOAN
Brilliant Solar & Electric is an authorized RENU Loan Contractor. The Colorado RENU Loan is a statewide residential loan program sponsored by the Colorado Energy Office in partnership with Elevations Credit Union and Clean Energy Credit Union. It makes home energy upgrades easy and affordable by offering low-cost, long-term financing for energy efficiency and renewable energy improvements. This loan can be used for solar electric installations, as well as energy efficiency upgrades.
Who is eligible for the Colorado RENU Loan?
Property owners of existing, single-family homes in Colorado. Primary, secondary or income properties are eligible as well as townhomes and condos (shared heating or cooling systems are not eligible).
How do I contact them?
Click the button below to learn all the details about the program, or email/call them at ceo_renuloan@state.co.us or call them at 303-866-2264.
| % of project cost that can be financed | 100% |
| Loan amounts possible | $500-$50,000 |
| Maximum term length of loan | 15 years |
| Starting Interest Rates, with FICO scores of 740+, with 3 year terms | 2.75% |
| Lowest Credit Score Possible | 580 |
LPEA On-Bill Financing Program
If you are currently a member of LPEA (La Plata Electric Association), then you are now eligible for their On-Bill Financing Program for solar electric (PV) Systems.
On-Bill Financing is a program that already existed at LPEA, allowing members to receive funding for energy efficiency upgrades and other retrofits to their homes, and it now also includes solar electric.
The program works in partnership with First Southwest Bank. You pay the loan back as a part of your utility bill each month. With solar, this can be nice, because then you can pay for your solar through your utility bill savings in a more direct way!
| % of project cost that can be financed | 100% |
| Loan Amounts Possible | $20,000 |
| Maximum Term Length of Loan With Financing Under $10,000 | 10 years |
| Maximum Term Length of Loan With Financing over $10,000 | 15 years |
| Likely Interest Rates | 4-6% |
Brilliant Solar & Electric 