Heating and air conditioning

Loans

It's by far the largest energy user in your home -- heating and air conditioning. So when you're faced with choosing a heat-and-air unit for your home, it will affect your budget for years to come.

Fortunately, Middle Tennessee Electric is here to help. Your cooperative can help you finance a new heat pump (minimum 13 SEER package or 13 SEER split with HSPF 7.7 or higher rating) with a 8% loan up to $10,000. The loan can have up to a 10-year term with no penalty for early payoff.

To qualify for MTEMC's Heat Pump Program, applicants must be the owner of the home and property where the heat pump is to be located and pass an independent credit review.

The customer contacts Middle Tennessee Electric at any area office to fill out an application over the phone or in person. If approved for the loan, the customer will select a contractor from Middle Tennessee Electric's list of approved heating and air contractors. The contractor will schedule installation of the heat pump.

Nonfinanced

For a nonfinanced heating and air installation, an approved heating and air contractor is still required for incentives.

Incentives

• $100 to homeowner for installation of a geothermal unit (1 incentive per dwelling)
• $100 to homeonwner for replacing gas with 13 SEER/HSPF 7.7 or greater electric or dual-fuel heat pump (1 incentive per dwelling)

For more information, call MTEMC Member Service 1-877-777-9020.