Monday, July 30, 2012

No Cost to Contractors for Offering FHA PowerSaver Loan Program

The National Fenestration Rating Council’s (NFRC) communications department provides the organization's stakeholders with news, information, and insight to anticipate the industry trends and opportunities that may be able to help them grow their businesses.

One of our recent outreach initiatives led to the discovery of the FHA PowerSaver Loan Program. This program offers eligible homeowners competitive interest rate loans for up to 15 years for qualified whole-house improvements and up to 20 years for renewable energy improvements.

Eligible products include windows, doors, and skylights that meet the most recent ENERGY STAR ® specifications, and there is no cost to the contractor to offer these loans at below-market interest rates.

“This government-backed financing program should be ideal for windows whether or not they are bundled with an energy audit or other energy efficiency measures,” said Ed Thomas, Vice President, Utility and Government Services, for the Electric & Gas Industries Association (EGIA).

The EGIA is a non-profit organization dedicated to advancing energy efficiency and renewable energy solutions through the home improvement and renewable energy industries. EGIA has facilitated the financing of over 40,000 residential and business projects valued in excess of $800 million and administered over $300 million in rebate payments.

EGIA has offered to provide a free, customized Webinar to explain the details of the program exclusively to NFRC stakeholders. There is not yet a tentative date, but if you would be interested in participating, please contact Tom Herron, NFRC's Senior Manager, Communications and Marketing, at 240-821-9505.

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