| Program | Murfreesboro Electric Department - Residential Heat Pump Loan Program |
|---|---|
| Category | Financial Incentive |
| Implementing sector | Utility |
| Last Update | |
| State | Tennessee |
| Administrator | Murfreesboro Electric Department |
| Website | https://murfreesboroelectric.com/buying-a-heat-pump/ |
| Sectors | Residential |
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. There is a $45.00 security filing fee. The heat pump must be installed by a program-qualified contractor.
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