DENVER–In conjunction with Colorado Day in this state,which honors the state’s birthday and is an opportunity for Coloradans to honor the state’s natural beauty, Westerra Credit Union sought to highlight its initiatives to boost energy efficiency and help preserve the state’s environment.
To mark Colorado Day, Westerra pointed to its partnership with the Colorado Energy Office’s RENU program, a statewide residential Energy Efficient loan program, which partners with local credit unions.
In addition, Westerra noted it also offers an in-house Energy Efficiency Loan option for financing home energy improvements. Each loan guarantees homeowners who choose energy upgrades access to affordable, low-cost and long-term financing, the credit union said.
For the Health of the State
“Both options help our environment and better the health of our state,” said Jared Dryer, vice president of consumer lending at Westerra. “The RENU Loan program has truly benefited the people of Colorado and we are proud to partner with them. Our in-house option is also a wonderful alternative for those looking to fund home energy projects to enhance a home’s overall efficiency, such as solar panels or the purchase of new ENERGY STAR appliances. Whatever the project, Westerra is here to help finance them.”
Westerra said its Colorado RENU Loan includes:
- Fixed interest rates starting at 2.75%
- No money down
- Financing up to 100% of project cost with loans up to $50,000
- Loan terms up to 15 years (or 20 years for solar PV)
- No prepayment penalties
Westerra’s Energy Efficiency Loan includes:
- Financing from $500 up to $50,000 for a primary, secondary or vacation home
- Fast and easy approval process
- No requirement for the homeowner to use the equity from the home
- Repayment terms ranging from five years to 20 year