Middle Tennessee EMC - Residential Heat Pump Loan Program (Tennessee)
Last modified on May 23, 2011.
Financial Incentive Program
|Name||Middle Tennessee EMC - Residential Heat Pump Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Heat pumps|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount|| 8% loan up to 10,000|
The loan can have up to a 10-year term with no penalty for early payoff.
|Program Administrator||Middle Tennessee Electric Membership Corporation|
Middle Tennessee Electric Membership Corporation provides low-interest loans to help its residential customers install new, energy efficient heat pumps in their homes. Qualifying heat pumps must be a minimum 13 SEER package or 13 SEER split with HSPF 7.7 or higher rating. The loans have an 8% interest rate and can be up to $10,000. The loan can have up to a 10-year term with no penalty for early payoff. To qualify for MTEMC's Heat Pump Program, applicants must be the owner of the home and property where the heat pump is to be located and pass an independent credit review. For more information, call or e-mail your local Energy Service Coordinator .
MTEMC homeonwners installing heat pumps may also qualify for a $100 incentive for replacing gas with 13 SEER/HSPF 7.7 or greater electric or dual-fuel heat pump (1 incentive per dwelling)
|Contact Name||Customer Service - MTEMC|
|Department||Middle Tennessee Electric Membership Corporation|
|Address||555 New Salem Road|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.