Tennessee - Local Government Energy Loan Program
Applicable Sectors: Schools and Local Government
Summary:
The Local Government Energy Efficiency Loan Program offers low interest loans to municipal and county governments for energy efficiency-related projects in courthouses, administration buildings, schools, maintenance facilities, and any other building owned by the city or county. Free energy audits and technical assistance is available to all local government institutions regardless of whether they borrow loan funds. Eligible projects can borrow up to $500,000 at an approximate 3% interest rate.
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Tennessee - Small Business Energy Loan Program
Applicable Sectors: Commercial and Industrial
Summary:
The Tennessee Energy Division offers low-interest loans of up to $300,000, with terms of up to 7 years, for energy efficiency projects and other projects shown to save energy or decrease energy demand. Businesses with fewer than 300 employees or less than $3.5 million in annual gross sales or receipts are eligible. The loan is offered with a 0% interest rate for businesses in the Three-Star and Main Street communities, and at a 3% interest rate for all others. Loans cannot be used for new construction or business start-up. All renewable energy technologies are eligible under the program's guidelines. In addition to low-interest loans, the Energy Division offers free audits and technical assistance.
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Tennessee - LaFollette Utilities Board - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
LaFollette Public Utilities Board, in collaboration with the Tennessee Valley Authority offers financing to its residential customer to help pay for new heat pumps through their energy right Heat Pump Program. Customers can finance up to $7,500 and pay in monthly installments on their utility bills. The loans can be paid off in as many as 10 years. The heat pump must be installed by a program-qualified contractor.
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Tennessee - Sevier County Electric System - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Sevier County Electric System, in collaboration with the Tennessee Valley Authority, offers financing to its residential customer to help pay for new heat pumps through their energy right Heat Pump Program. Customers can pay in monthly installments on their utility bills. The loans can be paid off in as many as 10 years. The heat pump must be installed by a program-qualified contractor.
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Tennessee - Athens Utility Board - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Athens Utility Board, in collaboration with the Tennessee Valley Authority offers financing to its residential customer to help pay for new heat pumps through their energy right Heat Pump Program. Customers can finance a little or a lot—up to $7,500—and pay in monthly installments on their utility bills. The loans can be paid off in as many as 10 years. The heat pump must be installed by a program-qualified contractor.
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Tennessee - Bristol Tennessee Electric Service - Energy Savings Loan Program
Applicable Sectors: Residential
Summary:
Bristol Tennessee Electric Service, in collaboration with the Tennessee Valley Authority, offers financing to its residential customers to help pay for energy efficient home improvements through their Energy Savings Loan Program. Loans up to $10,000 can be used to install electric heat pumps, attic insulation (R19 minimum) and ventilation, floor insulation (R19 minimum) and ventilation, insulated replacement windows, insulated exterior doors, insulated garage doors (automatic garage door openers can be included), electrical service upgrades, and storm doors. The loans can be paid off in as many as 10 years, and monthly payments can be added to the customer's utility bill.
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Tennessee - Clarksville Department of Electricity - Energy Efficient Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Clarksville Department of Electricity, in collaboration with the Tennessee Valley Authority, offers financing to its residential customer to help pay for new, energy-efficient heat pumps. The loan can also cover the cost of weatherization measures prescribed by the program. Necessary changes in home wiring also qualify. Maximum amount loaned is $7500 per home ($10,000 for Advanced Technology heat pumps). The maximum term for repayment is 10 years and the current interest rate is 9.00%.
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Tennessee - Clinton Utilities Board - Energy Efficient Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Clinton Utilities Board, in collaboration with the Tennessee Valley Authority, offers financing to help its residential customers purchase and install new electric heat pumps for their homes. Loans have a fixed APR of 8%, with up to 10 years to pay off. Monthly payments can be included on utility bills. Call (865) 457-9232 for more information about this program.
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Tennessee - Cookeville Electric Department - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Cookeville Electric Department, in collaboration with the Tennessee Valley Authority, offers financing for new electric heat pumps through their energy right Heat Pump Loan Program. The loan can be financed for up to ten years and can be added to the customer's monthly electric bill. The loans come with a low fixed interest rate and can be paid off early with no penalties assessed. Certain weatherization measures such as insulation may also be financed at the same time.
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Tennessee - Cumberland EMC - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Cumberland Electric Membership Corporation, in collaboration with The Tennessee Valley Authority helps its residential customers reduce their household energy usage through their Energy Right Heat Pump Loan Program. Loans of up to $10,000 are available with an 8% interest rate and a 10 year term. To qualify, the heat pump must have a minimum 13 SEER and be installed by a member of the Quality Contractor Network.
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Tennessee - Gibson Electric Membership Corporation - Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Gibson Electric Membership Corporation provides low-interest loans to help its residential customers install new, energy efficient heat pumps in their homes. Loans of up to $10,000 have an 8% interest rate with up to 10 years to pay off. Upon credit approval, the loans can also be used to pay the installation costs, as well as storm windows and added insulation. Additional funds of up to $2,500 can be added to the $10,000 for multiple units or an advanced heat pump.
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Tennessee - Gibson Electric Membership Corporation - Water Heater Loan Program
Applicable Sectors: Residential
Summary:
Gibson Electric Membership Corporation provides loans to its residential customers to finance new, energy efficient water heaters. The loans are interest-free and can be paid off in as many as 3 years. To participate, customer simply need to visit one of these dealers listed on the website and pick out a qualified electric water heater. The dealer will send the bill to Gibson EMC. Gibson EMC then pays the dealer and sets up interest-free financing for 36 months on the customer's electric bill.
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Tennessee - Holston Electric Cooperative - Energy Right Heat Pump Financing Program
Applicable Sectors: Residential
Summary:
Holston Electric Cooperative, in collaboration with The Tennessee Valley Authority, encourages energy efficiency in the residential sector through its energy right Heat Pump Financing Program. Through this program, low-interest loans are available with terms up to 10 years to qualified homeowners.
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Tennessee - Jackson Energy Authority - Energy Efficient HVAC Loan Program
Applicable Sectors: Residential
Summary:
Jackson Energy Authority, in collaboration with the Tennessee Valley Authority offers financing to it residential customer to help pay for new heat pumps through its energy right Heat Pump Program. Low interest loans are available for either a standard high-efficiency heat pump or a dual-fuel heat pump, which uses natural gas for heating and electricity for cooling. The loans can be paid off in as many as 10 years and monthly payments can be added to the customer's monthly utility bill. Call Jackson Energy Authority to receive a list of Quality Network Contractors whose members sell and install heat pumps.
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Tennessee - Johnson City Power Board - Residential Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Johnson City Power Board, in collaboration with the Tennessee Valley Authority, offers financing to its residential customer for new electric heat pumps through its Residential Heat Pump Program. Loans can be up to $7,500, which covers the installation of the heat pump system, as well as bringing attic and floor insulation up to standards. A total of $10,000 is available for individuals installing two units or a specialty heat pump. The interest rate is a fixed rate, with a payback period of ten years. Customers may pay the loan off at any time with no penalty. Loan payments are added to customers’ monthly energy bills. All applicants must choose a Quality Contractor Network Member to be eligible for financing.
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Tennessee - Lenoir City Utilities Board - Residential Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Lenoir City Utilities Board, in collaboration with the Tennessee Valley Authority offers financing to its residential customer to help pay for new heat pumps through their energy right Heat Pump Program. Customers can finance up to $7,500 and pay in monthly installments on their utility bills. The loans can be paid off in as many as 10 years. The heat pump must be installed by a program-qualified contractor.
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Tennessee - Middle Tennessee EMC - Residential Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Middle Tennessee Electric Membership Corporation provides low-interest loans to help its residential customers install new, energy efficient heat pumps in their homes. Qualifying heat pumps must be a minimum 13 SEER package or 13 SEER split with HSPF 7.7 or higher rating. The loans have an 8% interest rate and can be up to $10,000. The loan can have up to a 10-year term with no penalty for early payoff. To qualify for MTEMC's Heat Pump Program, applicants must be the owner of the home and property where the heat pump is to be located and pass an independent credit review. For more information, call or e-mail your local energy advisor.
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Tennessee - Milan Public Utilities - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Milan Public Utilities, in collaboration with the Tennessee Valley Authority offers financing to its residential customer to help pay for new heat pumps through their energy right Heat Pump Program. Customers can finance up to $7,500 and pay in monthly installments on their utility bills. The loans can be paid off in as many as 10 years. The heat pump must be installed by a program-qualified contractor.
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Tennessee - Murfreesboro Electric Department - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Murfreesboro Electric Department, in collaboration with the Tennessee Valley Authority offers financing to its residential customer to help pay for new heat pumps through their energy right Heat Pump Program. Customers can finance up to $7,500 and pay in monthly installments on their utility bills. The loans can be paid off in as many as 10 years. The heat pump must be installed by a program-qualified contractor.
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Tennessee - Sequachee Valley Electric Cooperative - energy right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Sequachee Valley Electric Cooperative, in collaboration with, The Tennessee Valley Authority, provides loans to help its residential customers finance energy efficient heat pumps through their energy right Heat Pump Program. Heat pumps must be installed by a member of the Quality Contractor Network. Additional restrictions apply.
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Tennessee - Sevier County Electric System - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Sevier County Electric System offers their customers a loan program to help offset the high prices of electric heat pumps and their installation. Payment is conveniently tacked onto customers' monthly statements and can be spread over as many as 10 years. Sevier County Electric System provides participants with a list of contractors to make sure that the type and installation of the heat pump is as efficient as possible.
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Tennessee - Southwest Tennessee EMC - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
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. STEMC may perform a post-installation inspection of the heat pump.
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Tennessee - Springfield Electric Department - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Springfield Electric Department, in collaboration with the Tennessee Valley Authority, offers financing to its residential customer to help pay for new heat pumps through their energy right Heat Pump Program. Customers can pay in monthly installments on their utility bills. The loans can be paid off in as many as 10 years. The heat pump must be installed by a program-qualified contractor.
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Tennessee - Upper Cumberland EMC - Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Upper Cumberland Electric Membership Corporation will loan up to a maximum of $10,000 to install a heat pump in a member's home. This is a residential program for existing home only. Homes receiving the heat pump must have had permanent electric service for at least one year. This is not available for new homes under construction. The current interest rate for the loan is 7%. Special interest rates for Active Military families are also available. Loans may be set up for a maximum of 10 years with no down payment required and no penalties assessed for paying a loan off early. If a heat pump is being financed through the program, certain weatherization measures such as insulation may also be financed at the same time. For more detailed information about the program contact Larry Fleming @ 931-823-8655 ext. 338.
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Tennessee - Volunteer Energy Cooperative - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Volunteer Energy Cooperative, in collaboration with The Tennessee Valley Authority, offers financing to its residential members through the energy right heat pump loan program. For a home to qualify for this program, the home must be more than 12 months old, and the heat pump must be a replacement heating/cooling system. Additionally, the heat pump must be installed by a TVA-qualified contractor.
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Tennessee - Winchester Utilities - Energy Right Heat Pump Loan Program
Applicable Sectors: Residential
Summary:
Winchester Utilities, in collaboration with the Tennessee Valley Authority, offers financing to its residential customers to help pay for high-efficiency heat pumps through its Energy Right Heat Pump Loan Program. Loans can be financed for up to 10 years, with a fixed interest rate of 7%. To qualify, the heat pump must have a 12 SEER or greater, and customer must fill out a loan application. A small application fee applies.
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