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Financing a Heat Pump

Heat PumpCut energy costs and improve comfort with an energy-efficient electric heat pump. Gibson EMC heat pump loans…

  • Pay for heat pump equipment, installation and even added insulation, upon credit approval.

  • Are available to qualified applicants who are Gibson EMC members and legal owners of the property where the heat pumps are to be installed.

  • Have attractive terms —  6% APR; payments spread over 10 years; $45 UCC-1 fixture filing fee; no down-payment; payments added to electric bill.

  • Have maximum loan amounts -- $12,500 for a single heat pump; $15,000 for multiple units or an advanced heat pump.

  • Are not transferable. Balances of loans must be paid to release liens.

  • Click here for steps to follow after your credit has been approved.
  • The heat pump can be purchased though any of our qualified Quality Contractor Network heat pump dealers. Heat pumps must meet all manufacturer and program specifications. Inspections will be conducted by a Gibson EMC certified technician.

 You may apply online. For details, call (731) 855-4740, ext. 1611 or contact your local Gibson EMC member service center.

 

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