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.
| Feature | On-Bill Financing |
|---|---|
| Minimum Loan | $2,500 |
| Maximum Loan | $20,000 |
| Term | 10 years |
| Annual Interest | 7% |
| Eligibility (minimum) | At least 1 year of permanent service Satisfactory payment history 625 Beacon Score |
| Security Requirement | UCC-1 required for equipment loans |
| 3rd-Party Partner | Regions Bank |
For additional information, complete the form below.