Clarksville Department of Electricity - Residential Heat Pump Loan Program (Tennessee)
Last modified on May 24, 2011.
Financial Incentive Program
|Name||Clarksville Department of Electricity - Residential Heat Pump Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Heat pumps|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||low interest rate with a maximum 10 year payback period.|
|Program Administrator||Clarksville Department of Electricity|
|Date added to DSIRE||2006-08-17|
|Last DSIRE Review||2009-07-17|
Clarksville Department of Electricity, in collaboration with the Tennessee Valley Authority, offers financing to its residential customers to help pay for new, energy-efficient heat pumps. The loan can also cover the cost of weatherization measures prescribed by the program. Necessary changes in home wiring also qualify. Maximum amount loaned is $7500 per home ($10,000 for Advanced Technology heat pumps). The maximum term for repayment is 10 years and the current interest rate is 9.00%.
|Contact Name||Customer Service|
|Department||Clarksville Department of Electricity|
|Address||PO Box 31509|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.