Alabama - Alabama Power - Heat Pump and Weatherization Financing
Applicable Sectors: Residential
Summary:
Alabama Power offers low-interest loans to residential customers to purchase and install new heat pumps and a variety of weatherization measures. The loans require no money down and can be used to finance an air source, geothermal or dual-fuel heat pump. The loans can also be used to cover associated water heating costs and wiring installations. The weatherization measures eligible for loans include insulation, storm doors, double-pane windows and attic ventilation. Contact Alabama Power for more information or see the program website for the eligible financing amounts for weatherization measures.
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Alabama - Cherokee Electric Cooperative - Residential Energy Efficiency Loans
Applicable Sectors: Residential
Summary:
Using power purchased from the Tennessee Valley Authority (TVA), Cherokee Electric Cooperative provides electricity to almost 22,000 members throughout portions of Cherokee, DeKalb, Marshall, Etowah and Calhoun Counties. Cherokee Electric Coop offers TVA's energy right program to finance residential heat pumps at low interest rates. Payments are conveniently added to the monthly power bill.
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Alabama - City of Florence Utilities - Heat Pump Retrofit Loan Program
Applicable Sectors: Residential
Summary:
City of Florence Utilities offers financing to its residential customers for retrofitting their heat pumps to improve efficiency. Subject to a credit approval process, the loan can be up to $10,000 and can have a term of up to 10 years.
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Alabama - Cullman Electric Cooperative - Energy Conservation and Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Cullman Electric Cooperative, a Touchstone Electric Cooperative, has two loan programs. One is their Energy Conservation Loan Program which provides members a loan for insulation or storm windows. Maximum loan is $2,000, payable up to 60 months at a rate of 11%. A list of approved contractors is provided in the website.
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Alabama - Cullman Power Board - Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Cullman Power Board offers financing for its residential to install energy right® efficiency heat pumps for central heating and air conditioning by a TVA approved contractor. If approved, customers may finance a loan with no down payment at an interest rate of 8% for up to 120 months.
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Alabama - Dixie Electric Cooperative - Energy Resources Conservation (ERC) Loan Program
Applicable Sectors: Residential
Summary:
Dixie Electric Cooperative, a Touchstone Electric Cooperative, is a member-owned electric utility serving approximately 18,000 member-owners in eight Alabama counties including Barbour, Bullock, Lee, Lowndes, Macon, Montgomery, Pike and Tallapoosa.
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Alabama - Joe Wheeler Electric Membership Corporation - Residential Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
The energy right Program from Joe Wheeler EMC and TVA is designed to save money and gain home energy efficiency for its members in north Alabama.
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Alabama - Sand Mountain Electric Cooperative - Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Sand Mountain Electric Cooperative is an electric distribution utility serving more than 30,320 consumers in portions of DeKalb, Jackson, Marshall and Cherokee counties, located in northeast Alabama. Power is purchased from the Tennessee Valley Authority.
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Alabama - Sheffield Utilities - Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Sheffield Utilities, through the Tennessee Valley Authority, offers a loan to its customers to help with the purchase of a new energy efficient heat pump. The loan will be financed over a 10 year period with a 9% interest rate. To qualify for the loan, you must have a good credit rating, the heat pump must be a TVA energy right heat pump, and it must be installed by a TVA approved contractor. A list of TVA approved contractors is available upon request from Sheffield Utilities.
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Alabama - South Alabama Electric Cooperative - Energy Resource Conservation (ERC) Loan Program
Applicable Sectors: Residential
Summary:
South Alabama Electric Cooperative is a part owner of Alabama Electric Cooperative which has a generation facility in Andalusia, AL. The Energy Resources Conservation Loan helps members of the cooperative cover the cost of labor and materials for energy conservation measures on existing structures. Loans will only be made to members who have good credit ratings and also own the structures to be weatherized. ERC loans may be provided to finance the cost of labor and materials for items such as insulation, storm or thermal windows, storm or thermal doors, and high efficiency heat pumps.
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Alabama - Local Government Energy Loan Program
Applicable Sectors: Schools and Local Government
Summary:
Through a private/public partnership with PowerSouth and the United State Department of Agricultural Rural Development, the Local Government Energy Loan Program offers low interest loans to local governments and schools in rural areas for energy efficiency improvements, which will eventually have a payback through utility savings. An eligible town is one with fewer than 50,000 residents and an eligible county government is one with fewer than 100,000 residents. School systems in rural areas are also encouraged to apply, so long as they are in a city or county that meet these population guidelines. Eligible buildings are those that were built before May 1, 1989 and have a heating system, a cooling system, or both.
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