Middle Tennessee EMC - Residential Heat Pump Loan Program (Tennessee)

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Summary

Last modified on May 23, 2011.

Financial Incentive Program

Place Tennessee

Name Middle Tennessee EMC - Residential Heat Pump Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Heat pumps
Active Incentive No

Implementing Sector Utility
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
Website http://www.mtemc.com/pages.cfm/name/r09_heatingac
Date added to DSIRE 2006-09-19
Last DSIRE Review 2009-07-17



References DSIRE[1]


Summary

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)


Incentive Contact

Contact Name Customer Service - MTEMC
Department Middle Tennessee Electric Membership Corporation

Address 555 New Salem Road

Place Murfreesboro, Tennessee
Zip/Postal Code 37129
Phone (877) 777-9020


Email info@mtemc.com
Website http://www.mtemc.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)"