PowerSaver Loans For Solar Installations Introduced For U.S. Homeowners

The U.S. Department of Housing and Urban Development (HUD) has announced that 18 national, regional and local lenders will participate in the PowerSaver program. PowerSaver is a new two-year pilot program that will offer qualified borrowers living in certain parts of the country low-cost loans to make energy-saving home improvements, including the installation of PV systems.Backed by the Federal Housing Administration, PowerSaver loans will offer homeowners up to $25,000 to make energy-efficient improvements of their choice. Initially, the PowerSaver pilot program is estimated to assist approximately 30,000 homeowners to finance energy-efficient upgrades, though higher market demand may increase this impact.

According to HUD projections, more than 3,000 jobs will be created through this pilot program, and the impact may be larger if market demand for the loan program increases over time.PowerSaver has been designed to meet a need in the marketplace for borrowers who have the ability and motivation to take on modest additional debt to realize the savings over time from home energy improvements, according to HUD. PowerSaver loans are only available to borrowers with good credit, manageable debt and at least some equity in their home (maximum 100% combined loan-to-value).

Abound Solar Inc., a Loveland, Colo.-headquartered manufacturer of cadmium telluride thin-film photovoltaic solar modules, has entered into a partnership and distributorship with Thesan, an Italy-based designer and manufacturer of solutions for the renewable energy and energy efficiency industries.The companies will work together to provide products based on Abound Solar's thin-film modules and the Thesan's racking system, which is designed to reduce labor costs associated with module installation.In addition, Abound Solar has signed a partnership and distributorship with DW Europe, a commercial solar and building-integrated PV system integrator in Italy. The companies will work together to install Abound Solar's modules in commercial-scale projects.

MiaSole, a manufacturer of copper indium gallium selenide (CIGS) thin-film photovoltaic solar panels, has entered into an agreement with Intel's technical manufacturing services practice.Under this agreement, Intel will provide customized manufacturing services and systems, strategic consulting, operational knowledge and training to MiaSole as the company ramps up its manufacturing facilities this year and next year.Manufacturing is central to MiaSole's business, the company says. The manufacturer has increased its annualized production capacity to over 50 MW in just over a year and is on track to triple capacity to over 150 MW by the end of this year. The agreement with Intel is expected to accelerate the production ramp with improved repeatability and consistency required for high-volume manufacturing.see more at:ReneSola

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