Payment Options

Through Switch Together, you will have access to a variety of payment options to make upgrading to a cold climate heat pump easier. Contractors will take care of all the paperwork, help you maximize available rebates, and guide you through every step of the process.

Initial Deposit

Before you begin your installation process, Switch Together requires a $150 deposit when you accept your offer. This deposit is fully refundable but is required in order to secure your place in the group purchase. Deposits and final payments can made made through

• Bank transfer via a secure online third-party processing platform (Stripe)

Purchasing your system

1. Cash Purchase – Pay the full amount upfront.

2. Financing – Choose from loan options if you prefer to spread out the cost.

Cash

Make a one-time, upfront payment with the cash option. It’s the simplest way to purchase your heat pump—no interest, no loan fees, and no need for a credit check.

Financing Option

If you’d rather not pay upfront, financing is a great alternative. Loan terms can be discussed directly with your selected contractor, who will provide detailed information tailored to your project.

RENU Financing (Residential Energy Update)

A financing option we are familiar with for Colorado homeowners is RENU Financing, offered through the Colorado Clean Energy Fund. This program is available to owners of existing single-family homes and provides affordable financing for a wide range of energy upgrades, including:

• Heat pumps
• Heat pump water heaters
• Induction stoves
• EV charging stations
• Efficiency upgrades
• Ventilation systems

RENU Financing Loan Terms:

• APR starting at 7.74%
• $0 down payment
• 1% processing fee
• Loan terms up to 180 months
• Financing available up to $75,000

Your selected contractor may have a better financing option available. This will be discussed during the installation process.