MTE can help you finance a new heat pump at 8%. The loan can have up to a 10-year term with no penalty for early payoff. Payments are added to your monthly electric bill. To qualify for MTE'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.
Start the loan process today by contacting one of the Energy Services team members listed below or by contacting a business from TVA’s Quality Contractor Network.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Tennessee |
| Incentive Type: | Loan Program |
| Web Site: | http://www.mtemc.com/pages.cfm/name/r09_heatingac |
| Administrator: | Middle Tennessee Electric Membership Corporation |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: |
Minimum: $2,500 Maximum: $20,000 |
| Loan Term: | Up to 10 years (120 months) |
| Interest Rate: | Will not exceed 8% |
| Technologies: | Heat pumps |
| Sectors: | Residential |
| Parameters: | The incentive has a maximum of $2500.00, The incentive has a minimum of $20000.00 |
| Name: | David Willhite |
| Organization: | Rutherford & Cannon Service Area |
| Address: |
|
| Phone: | (615) 494-1612 |
| Email: | david.willhite@mtemc.com |
| Name: | Katie McKee |
| Organization: | Murfreesboro City Service Area |
| Address: |
|
| Phone: | (615) 494-0408 |
| Email: | katie.mckee@mtemc.com |
| Name: | Terry Massey |
| Organization: | Williamson Service Area |
| Address: |
|
| Phone: | (615) 648-0017 |
| Email: | terrymassey@mte.com |
| Name: | Phillip Price |
| Organization: | Wilson Service Area |
| Address: |
|
| Phone: | (615) 453-3077 |
| Email: | phillip.price@mtemc.com |
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.
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