Private Partners: Contractors, Banks and Service Providers#
Epic Loans provide opportunities for contractors, banks and service providers to support building owners to invest in energy efficiency and solar.
Once a Fort Collins Utilities homeowner or small business elects to finance a project with a participating energy efficiency contractor, the Epic Loan can provide the funds for the project. Loans are originated and funds are disbursed to the contractor after closing by a third-party loan administrator. Loan payments are then serviced on the customer’s monthly utility bill by Fort Collins Utilities directly (borrowers must have either the electric or water service in their name for the property where improvements are installed.
Epic Loan capital comes from a “stack” of resources provided by internal sources and entities external to the City of Fort Collins. The current stack is comprised of internal sources, low interest loans and grant funds (State of Colorado Energy Office and Bloomberg Philanthropies), and market-rate interest loans (U.S. Bank and Vectra Bank Colorado).
Epic Homes continues to seek additional sources of capital to be able to offer a continuing source of funds (e.g. a revolving loan fund) to meet increasing customer demand for energy efficiency and solar financing. For more information, please contact Epic Homes at firstname.lastname@example.org or by calling 970-416-4239.
The Efficiency Works™ Homes program offers service providers the opportunity to work with homeowners by installing energy and water efficiency measures. For existing homes, the homeowner typically receives an Epic Homes assessment with multiple recommendations on cost-effective and energy/water efficient upgrades. Participating service providers are eligible to receive homeowner referrals or introduce their clients into the program in order to receive rebates.
Efficiency Works™ Homes is administered by Platte River Power Authority. Learn more about becoming a service provider here.
Solar contractors can learn more about Fort Collins Utilities' Participating Solar Contractors Network here.
Efficiency Works™ Homes is a regional collaboration with Platte River Power Authority and Fort Collins Utilities, Loveland Water and Power, Longmont Power & Communications, and Estes Park Light & Power.
Fort Collins Utilities’ Epic Homes program was selected as one of nine 2018 Bloomberg Mayors Challenge Grand Champions out of 324 cities across the United States, winning $1.1M for its innovative approach to provide health and equity benefits for low and moderate-income families by improving the energy efficiency of rental homes. In collaboration with Colorado State University, Fort Collins also will document the health and well-being benefits of improved indoor environmental quality.