Efficiency First

Over the past two months, Efficiency First’s Finance and Incentives working group, along with other member companies has been working on developing a position paper outlining our recommendations to the recent HUD financing pilot program known as PowerSaver.

This program comes at a time when energy bills are rising and the ability of homeowners to access credit and or pay for energy improvements is diminished.  This loan program can help both homeowner and the energy efficiency industry at a critical time. Efficiency First proposes the following changes to the PowerSaver loan product.  Our goals in proposing these changes include:

• Improved consumer access to quality energy savings information as part of the improvement purchasing process,
• Continued expansion of the home performance whole house approach to saving energy,
• Improved loan performance for FHA and their lender partners,
• Improved energy performance data as part of a process of continuing to improve the performance of the home performance industry.

To read the memo in its entirety, follow this link: PowerSaver Efficiency First Comments 12-27-2010 submitted.

To learn more about the HUD & FHA PowerSaver Program, click here.