Pennyrile RECC - Heat Pump Loan Program (Kentucky)

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Summary

Last modified on May 23, 2011.

Financial Incentive Program

Place Kentucky

Name Pennyrile RECC - Heat Pump Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Heat pumps, Building Insulation, Windows, Geothermal Heat Pumps, Electronic Air Cleaners
Active Incentive No

Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount Up to 10,000 for a Heat Pump or Dual Fuel system; Up to 12,500 for an Advanced Heat Pump or Geothermal System

8% interest rate for up to 10 years



























Program Administrator Pennyrile Rural Electric Cooperative Corporation
Website http://www.precc.com/precc/res_existing_home.htm
Date added to DSIRE 2006-09-27
Last DSIRE Review 2009-07-17



References DSIRE[1]


Summary

Pennyrile Rural Electric Cooperative serves 46,000 members in parts of nine Kentucky counties: Christian, Trigg, Logan, Todd, Muhlenberg, Lyon, Caldwell, Butler, and Simpson. Residential customers who own existing homes are eligible for financing to fund a new energy efficient heat pump system, pending a credit check. Customers can borrow up to $10,000 for an energy efficient heat pump that is at least 13.0 SEER or up to $12,500 for an advanced heat pump or geothermal system. The heat pump or geothermal system must be installed by a Pennyrile approved contractor and will undergo a post-installation inspection. In addition to purchasing a new heat pump, this loan can be used to purchase additional insulation, replace or install storm windows, add electronic air cleaners, or purchase factory extended warranties. The loan has an interest rate of 8% for up to 10 years. For more information about applying for this loan program, contact Pennyrile RECC.


Incentive Contact

Contact Name Customer Service - Pennyrile RECC
Department Pennyrile Rural Electric Cooperative Corporation

Address 2000 Harrison Street
Address 2 P.O. Box 2900
Place Hopkinsville, Kentucky
Zip/Postal Code 42241-2900
Phone (270) 886-2555
Phone 2 (800) 297-4710


Website http://www.precc.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)"