Home Renovation: PowerSave Indiana

PowerSave Indiana: Home Renovation Reimagined

The PowerSave Indiana program provides accessible, below-market unsecured financing for a wide range of sustainable home improvement projects.

Financing Details

✓ Loans ranging from $3,000 to $50,000

✓ 3 – 7 year terms available

✓ Unsecured, personal loan for eligible home improvements

Minimum Qualifications

✓ Must be located in select Indiana counties

✓ No minimum credit score requirement

✓ Must be an owner-occupied residential property

Flexible Financing

Homeowners are approved for loans based on their ability to pay, not credit scores. the program uses flexible and borrower-friendly underwriting based on ability to repay, with no minimum credit score requirement. PowerSave Indiana loans are available in all parts of the state outside of Northeast Indiana.

Loan Product

What It Includes

Term Length

Notes & Qualifications

Sustainable Home Improvement Loan

Energy efficiency upgrades, plumbing and water/sewer improvements, wind mitigation measures, EV charging stations, etc.

3 – 7 years

$3,000 – $25,000; unsecured; rate may vary depending on program or funding; equipment must meet applicable efficiency/code requirements

Solar PV & Battery Loan

Solar photovoltaic systems, solar battery storage, and EV charging stations

Up to 7 years

$3,000 – $50,000; rate depends on loan size; equipment must meet applicable code requirements

Home Adaptation Loan (HALO)

Home accessibility improvements for households with disabled members

5 – 7 years

$3,000 – $15,000; proof of disability required; rate may depend on special funding availability

Eligible Home Improvements

Limited exceptions may be approved on a case-by-case basis.

✓ Energy-efficient HVAC
✓ Lighting and electrical
✓ Insulation
✓ Roofing, windows, doors
✓ Renewable energy
✓ Water efficiency, septic and sewer improvements

✓ Disability and accessibility upgrade

✓ Health and safety repairs, including radon, mold, and asbestos