Gibson Electric Membership Corporation - Residential Energy Efficient Water Heater Loan Program (Tennessee)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Gibson Electric Membership Corporation - Residential Energy Efficient Water Heater Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Water Heaters|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount|| Electric-to-Electric Water Heater Installation: up to $100|
Gas-to-Electric Energy Heater Installation: up to $175
|Maximum Incentive||No financing cap for water heater.|
|Terms|| Rate: 0% |
Repayment: 3 years
|Program Administrator||Gibson Electric Membership Corporation|
|Date added to DSIRE||2006-09-20|
|Last DSIRE Review||2012-04-09|
Gibson Electric Membership Corporation provides loans to its residential customers to finance new, energy efficient water heaters. The loans are interest-free and can be paid off in as many as 3 years. To participate, customers can visit one of the dealers listed on the web site and pick out a qualified electric water heater. The dealer will send the bill to Gibson EMC. Gibson EMC then pays the dealer and sets up interest-free financing for 36 months on the customer's electric bill. They will also provide a $250 rebate for energy efficient replacement water heaters installed in new homes.
|Contact Name||Customer Service|
|Department||Gibson Electric Membership Corporation|
|Address||1207 South College St|
|Address 2||PO Box 47|
|Phone||(731) 855-4740 Ext:1611|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.