North Carolina

Incentives/Policies for Renewables & Efficiency

TVA Partner Utilities - Energy Right Heat Pump Program

Last DSIRE Review: 08/22/2012

Program Overview:

State:	North Carolina
Incentive Type:	Utility Loan Program
Eligible Efficiency Technologies:	Heat pumps
Eligible Renewable/Other Technologies:	Geothermal Heat Pumps
Applicable Sectors:	Residential, Utility, Installer/Contractor
Amount:	Single Unit: $10,000 Multiple and Advanced Units: up to $12,500
Terms:	Rate: 6%-8% Repayment: up to 10 years through 3rd party lender
Web Site:	http://www.energyright.com/residential/heat_pumps.html

Summary:

The Tennessee Valley Authority (TVA) energy right Heat Pump Plan provides financing to promote the installation of high efficiency heat pumps in homes and small businesses. Installation, performance, and weatherization standards ensure the appropriate sizing of equipment and operation of the system. TVA maintains a Quality Contractor Network (QCN) from which customers can choose an installer. Through a third-party lender, TVA provides financing for residential heat pumps with repayment on the customer’s electric bill and a term of up to 10 years. The programs are independently administered by local power companies served by TVA.

Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

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