PowerSaver & LEAP's 0% Interest Rate Option

Get a 0% APR loan with LEAP's Rate Reduction Program!
Limited-time Offer Helps Make Home Energy Improvements More Affordable Than Ever

UVA Community Credit Union, a local non-profit financial cooperative, has partnered with LEAP to provide the PowerSaver Loan Program, available to LEAP customers for Home Performance with ENERGY STAR and Better Basics retrofits.

The PowerSaver Loan program is designed to offer low cost loans to make energy-saving improvements to homeowners. This loan can be used for a wide variety of improvements including: replacement doors and windows, air conditioning or heating systems, water heaters, insulation, metal or asphalt roofs, duct sealing, solar panels, and geothermal systems. A complete list of approved projects can be found in the PowerSaver Approved Improvements list.

Rates are as low as 4.99% APR* for unsecured loans for up $7500 and a term of 5 years. Applications can be made by calling 434-964-2001, at a UVA Community Credit Union branch location or online. Combine this great financing provided by the credit union with cash rebates to save big on your energy retrofit!

Introducing Limited Time 0% Loans with LEAP

"By minimizing the effect of their loan payment on their monthly cash flow, this new Rate Reduction Program makes it possible for more homeowners to make an investment in reducing their energy bill over the long-term," explains LEAP's Cynthia Adams.

Indeed, the is the best deal at the best time. But it won't last forever.

What Is It?

PowerSaver loan rates are already low, but now we're taking them to the floor with our Rate Reduction Program. For a limited time, LEAP will buy your loan down to 0% so that you can make the investments in your home's energy efficiency that wlll pay dividends for you with lower energy bills and a more comfortable home.

Who and What Are Eligible?

Homeowners in Charlottesville, Albemarle, Fluvanna, Greene, Louisa and Nelson who enroll in LEAP's Home Performance with ENERGY STAR program are eligible. Learn more about the Home Performance program and downlaod our fact sheet.

Eligible projects include the installation of insulation, air and duct sealing, replacement doors and windows, HVAC systems, skylight replacement, storm doors and windows, water heaters, roofing, and energy assessments. These home energy improvement must be completed by a LEAP Certified Contractor.

HVAC and insulation upgrades in LEAP's Better Basics program are not eligible for the 0% rate reduction, but you can still apply for the regular low-interest PowerSaver loans. Download our Better Basics fact sheet here.

What Are The Terms?

Unsecured PowerSaver Loans of $7,500 or less with terms up to five years and secured PowerSaver Loans of $10,000 or less with terms up to 10 years are eligible (LEAP's rate reduction would bring the APR to 2.99%). In Charlottesville, the eligibility requirements for secured loans are slightly different. Homeowners with PowerSaver loans of $25,000 or less with terms up to 15 years can benefit from rate reduction.

Currently the rate for a five-year unsecured PowerSaver loan is just 4.99% APR. With the rate reduction, the APR would be 0.00%. Additionally, there are no appraisal or closing fees associated with these loans, potentially saving homeowners hundreds of dollars or more.

How Do I Get Started?

Email lesley.fore@leap-va.org or call 434.227.4666 if you would like to learn more about the rate reduction.

Note that the initial response to this offer has been quite positive, so we are fielding many inquiries and requests. Bear with us, and we will respond to your email or call as soon as possible.

Read the press release.

Download these flyers to see how you can bundle rebates and incentives from the state and federal governments and LEAP along with low-interest financing. We make home energy improvements affordable.

Home Performance with ENERGY STAR program

Better Basics program

The PowerSaver loan program offers many benefits not available through traditional loans:

• Obtain up to $25,000 for a single family home (manufactured and mobile homes are not eligible) 
• Flexible payment terms up to 15 years, 20 years for renewable energy products only (see PowerSaver Approved Improvements for definitions)
• Financing with the PowerSaver loan also allows you to take advantage of any manufacturer product rebates and energy efficient federal, state or local government, or other agency tax incentives or rebates.
• Loan federally insured by the FHA
• Interest may be tax deductible
• Low fixed rates

Interested in the 0% reduction? Email lesley.fore@leap-va.org or call 434.227.4666. For regular low-interest PowerSaver loans, you can apply online.

APR=Annual Percentage Rate. PowerSaver Loan financing provided by UVA Community Credit Union. Rate effective 11/1/2011 and is subject to change without notice. Call the credit union for updates. Not all PowerSaver Loan Program terms are available for the Interest Rate Reduction Program. To be eligible for the 0%APR option, applicant must apply and be approved by the Local Energy Alliance Program (LEAP) for their
Interest Rate Reduction Program. Loan approval subject to credit and credit union membership criteria. Property and other restrictions apply. For more information or to apply call 434-964-2001 or go to uvacredituion.org. Payment example: Loan amount of $7,500 at 0.00% APR for 60 months would have a monthly payment of $125.00. UVA Community Credit Union is federally insured by the National Credit Union Administration. Equal Housing Lender.