Thinking about making energy upgrades to your home? Thanks to three new federal programs: PowerSaver Home Energy Upgrade, PowerSaver Energy Rehab, and PowerSaver Second Mortgage, now’s the time to make your home more energy efficient while at the same time, reducing your carbon footprint.
PowerSaver loans, insured by the Federal Housing Administration (FHA), help your family make significant energy saving improvements to your home. The big question is how to decide which home improvements will provide the biggest benefit for your family.
Home energy upgrades include, but not limited to, the following:
- A whole home upgrade through Home Performance with Energy Star
- Insulation and air sealing
- Replacing doors and windows
- Upgrading heating, ventilation, and air-conditioning systems and hot water systems
- Home automation systems and controls (e.g., smart thermostats)
- Installing solar photovoltaic (PV) systems, solar thermal hot water systems, small wind power, or geothermal heat pumps
Home energy efficiency upgrades are good for your wallet, too, because the money you invest in energy efficiency will pay off over time in reduced electric bills.
PowerSaver started as a 2-year pilot program in 2011. The U.S. Department of Housing and Urban Development (HUD) and the FHA developed PowerSaver as part of the Recovery Through Retrofit initiative launched in May 2009.
Availability and Eligibility
PowerSaver is available to borrowers with good credit and manageable overall debt. For all three PowerSaver products, borrowers must select from a list of approved PowerSaver lenders and locations. PowerSaver products are not currently offered in all states, so all potential applicants are encouraged to first check the program website to ensure product availability in their location.
For more information,subscribe to this blog (to the right of this article) and visit: http://programs.dsireusa.org/system/program/detail/5631