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Independent site operated by UniCo, LLC and its subsidiaries. Not affiliated with Xcel Energy or the Collective Clean Energy Fund.Independent site. Not affiliated with Xcel Energy or CCEF.

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Four ways to pay for the same heat pump

Operated by UniCo, LLC and its subsidiaries, an authorized ClearPath and RENU heat pump contractor.

Heat pump and gas furnace, $11,525 after rebates.

Years to repay
  • ClearPath On-Bill$128 a month10-year loan · if approved
  • RENU loan$138–$157 a month10-year loan · if approved
  • 0% card plan$961 a month12-month payoff · if approved
  • Cash$11,525paid now
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Project

Typical price: $16,800–$23,400

Xcel service

Rebates−$7,975

  • Xcel heat pump rebate−$5,250
  • Xcel furnace rebate−$225
  • State heat pump discount−$1,000
  • Power Ahead Colorado−$1,500

Assumes a 3.5-ton heat pump and a 95% gas furnace.

After rebates$11,525

Years to repay

  1. Cash

    One payment

    $11,525paid now

    Total paid$11,525

    Cost to borrow$0

    You need the full amount available to pay the installer.

  2. ClearPath On-Bill

    5.49% APR

    $128a month · 10-year loan · if approved

    Total of payments$15,302

    Cost to borrow$3,777

    Your name on the deed and Xcel electric account, and six months of on-time Xcel bills.

    $11,756 financed, 2% fee included. County filing fees are extra.

  3. RENU loan

    7.74%–10.74% APR

    $138–$157a month · 10-year loan · if approved

    Payments before lender fees$16,590–$18,848

    Interest before lender fees$5,065–$7,323

    Credit score 580+.

    Lender and filing fees are extra.

  4. 0% card plan

    0% if paid in full within 12 months

    $961a month · 12-month payoff · if approved

    Total of payments$11,525

    Cost to borrow$0

    Miss the payoff and 28.99% APR applies from the purchase date.

    Wells Fargo approval.

    Last payment $954.

Total you pay After rebates Fee Interest RENU rangeLender and filing fees are extra.
  • Cash
  • ClearPath
  • RENU
  • Card

We’ll send back the price after rebates and the monthly payment, then confirm the equipment in person.

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Which one costs least

  1. Cash has no borrowing cost.
  2. The card matches cash if you pay the full balance within 12 months. Leave a balance and interest is charged from the purchase date at 28.99% APR.
  3. Over several years, ClearPath beats RENU’s lowest posted rate at every term, with its 2% fee, before filing and lender fees.
  4. Compare RENU when you need over $50,000 before the fee, or over 10 years.

Rebates come off first

Example price
$19,500
Rebates
−$7,975
After rebates
$11,525

The comparison above uses what’s left.

Current rebate amounts
A heat pump on a pad beside a tan two-story house with a wood deck and a red-leaf tree
A heat pump beside a tan house.

When on-bill fits

ClearPath fits when

  • The job includes a heat pump, even with a gas furnace.
  • CCEF says ClearPath has no traditional credit check; approval rests on your Xcel bill history.

Look elsewhere when

  • You rent, or Xcel sells you gas only.
  • You’ll sell soon; CCEF says the buyer takes over the balance, which you must disclose.
  • The job is gas-only, a repair, or AC alone.

CCEF files a Land Records Notice, with no lien. Missed payments go through Xcel collections, which CCEF says can include disconnection. ClearPath eligibility and application

Your price and monthly payment

Send photos of your equipment.

Black Mitsubishi air handler with line set by an exposed brick wall in a basement.
A black Mitsubishi air handler and its line set in a basement.
Long red brick wall with white line-set covers leading to a compact outdoor unit on a stand.
Line set covers along a brick wall, running to the outdoor unit.

Equipment labels and a photo of the closed electrical panel help, too. Leave covers in place.

1. Photos or quote2. Your details

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You can add more than one.

Up to 6 photos or PDFs. 10 MB each, 30 MB total.

Sent securely to UniCo, LLC and its subsidiaries.

Prefer an in-person estimate?Schedule an estimate ↗

Prices are typical ranges from recent Denver-area estimates, with no rebates taken off.