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Last Updated June 27, 2019

Program Overview

Category:

Financial Incentive

State:

Tennessee

Incentive Type:

Loan Program

Administrator:

Murfreesboro Electric Department

Start Date:

N/A

Expiration Date:

N/A

Web Site:

https://murfreesboroelectric.com/buying-a-heat-pump/

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

Murfreesboro Electric Department, in collaboration with the Tennessee Valley Authority offers financing to its residential customer to help pay for new heat pumps through their Energy Right Heat Pump Program. Customers can finance up to $15,000 and pay in monthly installments on their utility bills. The loans can be paid off in as many as 10 years. The minimum loan limit is $2,500 There is a $45.00 security filing fee. The heat pump must be installed by a program-qualified contractor.