Gibson Electric Membership Corporation provides loans to its residential customers to finance new, energy efficient water heaters. The loans are interest-free and can be paid off in as many as 3 years. To participate, customers can visit one of the dealers listed on the web site and pick out a qualified electric water heater. The dealer will send the bill to Gibson EMC. Gibson EMC then pays the dealer and sets up interest-free financing for 36 months on the customer's electric bill. They will also provide a $250 rebate for energy efficient replacement water heaters installed in new homes.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Tennessee |
| Incentive Type: | Loan Program |
| Web Site: | http://www.gibsonemc.com/waterHeaterFinancing.aspx |
| Administrator: | Gibson Electric Membership Corporation |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: | No financing cap for water heater. |
| Loan Term: |
Rate: 0% Repayment: 3 years |
| 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.
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