Gibson Electric Membership Corporation - Residential Heat Pump Loan Program

July 17, 2009

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. Heat pumps must be installed by contractor listed on Quality Contractor List. 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. More information may be found on the website listed above.

Program Overview

Implementing Sector:	Utility
Category:	Financial Incentive
State:	Tennessee
Incentive Type:	Loan Program
Web Site:	http://www.gibsonemc.com/Heat%20Pump.htm
Administrator:	Gibson Electric Membership Corporation
Start Date:
Eligible Renewable/Other Technologies:	Heat pumps Building Insulation Windows

Contact

Name:	Customer Service
Organization:	Gibson Electric Membership Corporation
Address:	1207 South College St Trenton TN 38382
Phone:	(731) 855-4740

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.