Tupelo Water and Light - Residential Heat Pump Loan Program (Mississippi)

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Summary

Last modified on September 25, 2013.

Financial Incentive Program

Place Mississippi

Name Tupelo Water and Light - Residential Heat Pump Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Equipment Insulation, Heat pumps
Active Incentive No

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount 10 years at an interest rate of 9%


























Program Administrator Tupelo Water and Light
Website http://www.ci.tupelo.ms.us/water-light/heat_pump_prog.htm
Date added to DSIRE 2006-08-14
Last DSIRE Review 2009-07-17



References DSIRE[1]


Summary

Tupelo Water and Light, through a partnership with The Tennessee Valley Authority, offers low-interest financing to qualified customers who wish to install/replace an electric heat pump in their homes. The present TVA guidelines allow a maximum loan amount of $7,500 to be repaid over a ten year period at an interest rate of 9%. To gain financing, customers must complete a loan application available at TW&L's offices. Once financing has been approved, Tupelo Water and Light will provide the customer with a list of approved contractors. These contractors will give free estimates, and if any insulation is required to bring the home up to TVA standards, this cost may also be included in the loan for the heat pump. Tupelo Water and Light will even provide an inspector post-installation to ensure that a customer's unit has been installed correctly. For more information, call the Billing and Collections Office at (662) 841-6470.


Incentive Contact

Contact Name Billing and Collections Office
Department Tupelo Water and Light

Address 320 Court Street

Place Tupelo, Mississippi
Zip/Postal Code 38804
Phone (662) 841-6470



Website http://www.ci.tupelo.ms.us/water-light/W&L_home.htm
     
     

  • 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)"