Homeowners may use the Heat Pump Loan Program, part of the TVA EnergyRight Residential Program, to finance heating and cooling system upgrades and their loan payments are added to their Warren RECC electric bill. Equipment installations and improvements must be performed by an approved contractor from TVA’s Quality Contractor Network.

FeatureOn-Bill Financing
Minimum Loan$2,500
Maximum Loan$20,000
Term10 years
Annual Interest8%
Eligibility (minimum)At least 1 year of permanent service
Satisfactory payment history
625 Beacon Score
Security RequirementUCC-1 required for equipment loans
3rd-Party PartnerRegions Bank

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