Gibson Electric Membership Corporation - Residential Energy Efficient Water Heater Loan Program (Tennessee)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Tennessee

Name Gibson Electric Membership Corporation - Residential Energy Efficient Water Heater Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Water Heaters
Active Incentive Yes

Implementing Sector Utility
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
Website http://www.gibsonemc.com/waterHeaterFinancing.aspx
Date added to DSIRE 2006-09-20
Last DSIRE Review 2012-04-09



References DSIRE[1]


Summary

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.


Incentive Contact

Contact Name Customer Service
Department Gibson Electric Membership Corporation

Address 1207 South College St
Address 2 PO Box 47
Place Trenton, Tennessee
Zip/Postal Code 38382
Phone (731) 855-4740 Ext:1611



Website http://www.gibsonemc.com/
     
     


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"