Southwest Tennessee EMC - Residential Heat Pump Loan Program (Tennessee)
Last modified on May 23, 2011.
Financial Incentive Program
|Name||Southwest Tennessee EMC - Residential Heat Pump Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Heat pumps|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||An 8.0% interest loan with a 10 year payback|
|Program Administrator||Southwest Tennessee Electric Membership Corporation|
|Date added to DSIRE||2006-09-19|
|Last DSIRE Review||2009-07-17|
Southwest Tennessee Electric Membership Corporation, in collaboration with The Tennessee Valley Authority, offers a low interest loan to help its residential customers install heat pumps through their energy right Heat Pump Program. An 8.0% interest loan with a 10 year payback is currently available. This special financing rate applies to all heat pumps with a minimum SEER 13 and advanced systems with EER ratings. The financing is available to qualified members who install a heat pump in an existing home. A free STEMC post-installation inspection of the heat pump is required on all financed installations.
|Contact Name||Marketing and Energy Services|
|Department||Southwest Tennessee Electric Membership Corporation|
|Address||1009 East Main Street|
|Address 2||PO Box 959|
|Phone 2||(731) 772-1322|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.