Tupelo Water and Light, through a partnership with The Tennessee Valley Authority, offers low-interest financing to qualified customers who wish to install/replace an electric heat pump in their homes. The present TVA guidelines allow a maximum loan amount of $7,500 to be repaid over a ten year period at an interest rate of 9%. To gain financing, customers must complete a loan application available at TW&L's offices. Once financing has been approved, Tupelo Water and Light will provide the customer with a list of approved contractors. These contractors will give free estimates, and if any insulation is required to bring the home up to TVA standards, this cost may also be included in the loan for the heat pump. Tupelo Water and Light will even provide an inspector post-installation to ensure that a customer's unit has been installed correctly. For more information, call the Billing & Collections Office at (662) 841-6470.
|Incentive Type:||Loan Program|
|Administrator:||Tupelo Water and Light|
|Eligible Renewable/Other Technologies:||
|Name:||Billing & Collections Office|
|Organization:||Tupelo Water and Light|
320 Court Street
Tupelo MS 38804
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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