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Incentives/Policies for Renewables & Efficiency

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Gibson Electric Membership Corporation - Residential Energy Efficient Water Heater Loan Program   

Last DSIRE Review: 04/09/2012
Program Overview:
State: Tennessee
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Water Heaters, Heat Pump Water Heaters
Applicable Sectors: Residential
Amount:Electric-to-Electric Water Heater Installation: up to $100
Gas-to-Electric Water Heater Installation: up to $175
Maximum Incentive:No financing cap for water heater.
Terms:Rate: 0%
Repayment: 3 years
Web Site:

Gibson Electric Membership Corporation provides loans to its residential customers to finance new, energy efficient water heaters. The loans are interest-free and can be paid off in as many as 3 years. To participate, customers can visit one of the dealers listed on the web site and pick out a qualified electric water heater. The dealer will send the bill to Gibson EMC. Gibson EMC then pays the dealer and sets up interest-free financing for 36 months on the customer's electric bill. They will also provide a $250 rebate for energy efficient replacement water heaters installed in new homes.

  Customer Service
Gibson Electric Membership Corporation
1207 South College St
PO Box 47
Trenton, TN 38382
Phone: (731) 855-4740 Ext.1611
Web Site:
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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.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2014 - 2015 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.