Gibson Electric Membership Corporation provides low-interest loans to help its residential customers install new, energy efficient heat pumps in their homes. Loans of up to $10,000 have an 8% interest rate with up to 10 years to pay off. Heat pumps must be installed by contractor listed on Quality Contractor List. Upon credit approval, the loans can also be used to pay the installation costs, as well as storm windows and added insulation. Additional funds of up to $2,500 can be added to the $10,000 for multiple units or an Advanced Heat Pump. More information may be found on the website listed above.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Tennessee |
| Incentive Type: | Loan Program |
| Web Site: | http://www.gibsonemc.com/Heat%20Pump.htm |
| Administrator: | Gibson Electric Membership Corporation |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| 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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