Blue Ridge Mountain Electric Membership Corporation - Residential Heat Pump Loan Program

February 13, 2024

Summary

Blue Ridge Mountain EMC and TVA offer a loan program to help finance electric heat pumps. Qualified homeowners can borrow up to $15,000 payable in 10 years. The heat pump must be installed by a member of the Quality Contractor network, and will require an inspection before payment of the system. More information is available online at the website listed above.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Georgia
Incentive Type: Loan Program
Web Site: https://www.brmemc.com/heat-pump-financing/
Administrator: Blue Ridge Mountain Electric Membership Corporation
Start Date:
Eligible Renewable/Other Technologies:
  • Heat pumps
Maximum Loan: $15,000
Loan Term: 10 years or 120 months
Interest Rate: 8%

Incentives

This program has 1 incentives
Technologies: Heat pumps
Sectors: Residential
Parameters: The incentive has a minimum of $15000.00

Contact

Name: Member Services
Organization: Blue Ridge Mountain Electric Membership Corpo
Address:
GA
Phone: (706) 379-3121
Email: memberservices2@brmemc.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.