Tri-County Electric offers heat pump loans through TVA’s Energy Right program for the installation of heat pumps in our member-owners residences. Electric heat pumps and dual fuel heat pumps are eligible for financing through this low-interest fixed-rate loan program. Heat pumps, properly installed, provide energy efficiency for both heating and cooling.
To qualify for these special financing arrangements, the Tri-County Electric member-owner must have a minimum of a 625 Equifax credit score, have a good payment history with Tri-County Electric and own the home.
Heat pump loans range from $2,500 to $15,000. Loans are available at 6% interest for 10 years, billed monthly by Tri-County Electric with no prepayment penalties.
If you are interested in applying for a heat pump loan please contact Tracy White by email at twhite@tcemc.org or by phone at 1-800-369-2111 ext. 127.