FHA PowerSaver

The FHA PowerSaver was developed as part of the Recovery through Retrofit initiative launched in May 2009.  These are Federal Housing Administration (FHA) insured mortgages, FHA PowerSaver loans will offer homeowners up to $25,000 to make certain energy-efficient improvements, including the installation of insulation, duct sealing, doors and windows, HVAC systems, water heaters, solar panels, and geothermal systems.

The Vice President  said, “The initiatives announced today are putting the Recovery Through Retrofitreport’s recommendations into action – giving American families the tools they need to invest in home energy upgrades. Together, these programs will grow the home retrofit industry and help middle class families save money and energy.”

Vice President Biden’s Middle Class Task Force developed this program to expand green job opportunities in the United States and boost energy savings by improving home energy efficiency.