Formerly, City of Charlottesville residents could receive interest rates as low as 0% on a PowerSaver loan. The PowerSaver Loan program was designed to offer low cost loans to make energy-saving improvements for homeowners. This loan could be used for a wide variety of improvements including:
Air and Duct Sealing
Air Conditioning or Heating Systems
Metal or Asphalt Roofs
Replacement Doors and Windows
Even Lower Interest
PowerSaver Loan rates are already low, and the Rate Reduction Program for City of Charlottesville residents can buy the loan down to 0% APR. This assists homeowners in making investments in their homes’ energy efficiency that will pay dividends with lower energy bills and greater comfort. Homeowners must enroll in LEAP’s Home Performance with ENERGY STAR program and use a LEAP participating contractor to make an eligible energy efficiency improvement.
This program was launched by UVA Community Credit Union, the Local Energy Alliance Program (LEAP), and the City of Charlottesville. Find out more at the Powersaver Loans for Your Home page.