FHA PowerSaver Loans
FHA PowerSaver (PowerSaver) supports financing products that are insured by the Federal Housing Administration (FHA), and enables homeowners to make cost-effective, energy saving improvements to their homes. PowerSaver loans are offered through the pilot that was launched in 2011.
PowerSaver is available to borrowers with good credit and manageable overall debt. PowerSaver offers a secure, convenient, and affordable way to finance energy-efficiency and renewable energy upgrades.
Lenders also have the ability to provide borrowers with incentives to reduce loan costs and assist with the cost of home energy audits.
Choose from Three Loan Products
There are three PowerSaver products for a variety of projects, from small energy efficiency upgrades to more extensive HVAC system repairs/replacement and renewable energy systems. Homeowners can also include retain non-energy-related improvements.
PowerSaver Home Energy Upgrade–Up to $7,500
This type of loan is for smaller projects such as insulation, air and duct sealing, water heating, and upgrading or replacing heating and cooling equipment. This is an unsecured consumer loan–no home appraisal is required.
PowerSaver Second Mortgage–Up to $25,000
Larger retrofit projects that may include energy efficiency, solar PV, solar hot water, geothermal, or other renewable energy projects can be financed with this type of loan.
PowerSaver Energy Rehab–First mortgage up to
FHA loan limits
This loan is for home purchase or refinance. It can be used for energy efficiency improvements as part of an FHA 203(k) rehabilitation first mortgage when purchasing a home or refinancing an existing mortgage. For loan limits, visit https://entp.hud.gov/idapp/html/hicostlook.cfm.
Realize Comfort and Savings Through Enhanced Home Energy Performance
Does your upstairs overheat while the downstairs is 10 degrees colder? Is your home drafty or do you have high energy bills? Air sealing, insulation and blower door tests by a certified energy auditor can remedy problems, save an average of $200 to $400 annually on energy costs and improve the comfort of your home.
Financing energy efficiency and/or renewable energy improvements through a PowerSaver loan can help make such upgrades affordable for homeowners.
Maximize Your Home Investment with a PowerSaver Partner
The PowerSaver Loan Program works collaboratively with the U.S. Department of Energy (DOE) to offer support from Home Performance with ENERGY STAR sponsors and other qualified partners, who may be able to assist you in maximizing your investment with:
A variety of tools and resources are available to help get the most from your home energy upgrade: