TVA Partner Utilities - Energy Right Heat Pump Program (Mississippi)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||TVA Partner Utilities - Energy Right Heat Pump Program|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Installer/Contractor, Residential, Utility|
|Eligible Technologies||Heat pumps, Geothermal Heat Pumps|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Amount|| Single Unit: up to $10,000|
Multiple and Advanced Units: up to $12,500
|Terms|| Rate: 6%-8%, depending on utility|
Repayment: up to 10 years through 3rd party lender
|Program Administrator||Tennessee Valley Authority|
The Tennessee Valley Authority (TVA) energy right Heat Pump Plan provides financing to promote the installation of high efficiency heat pumps in homes and small businesses. Installation, performance, and weatherization standards ensure the appropriate sizing of equipment and operation of the system. TVA maintains a Quality Contractor Network (QCN) from which customers can choose an installer. Through a third-party lender, TVA provides financing for residential heat pumps with repayment on the customer’s electric bill and a term of up to 10 years. The programs are independently administered by local power companies served by TVA.
|Contact Name||Corporate Headquarters|
|Department||Tennessee Valley Authority|
|Address||400 W. Summit Hill Dr.|
|Phone|| (865) 632-2101
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.