Heat Pump Loan Program

DREMC members are encouraged to apply for a low-interest, 10-year loan to help install an energy-efficient electric heat pump.

The heat pump loan program provides competitive financing for homeowners who are ready to enjoy the money-saving comfort of today’s electric heat pumps.

The loan program includes no down payment, easy and affordable monthly payments and no penalty for early pay off. Once the installation is completed by a member of TVA’s Quality Contractor Network, the installation will be inspected by DREMC’s Residential Energy Advisor to ensure quality and energy efficiency of the unit

To qualify for the financing program:

  • The heat pump must be a replacement heating and cooling system.
  • DREMC members must be approved for financing through the application process.
  • The heat pump must be installed by a TVA Quality Contractor Network member. (A list of approved contractors will be provided upon loan approval.)

Get the application here, and send the completed application and your photo ID to mailto:cpotts@dremc.com or fax to 931-909-1238.

If you have questions about the Heat Pump Loan Program, please call Connie Potts at 931-680-5881 or Pat Garrett at 931-680-5886.