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Virginia

Virginia

Incentives/Policies for Energy Efficiency

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TVA Partner Utilities - Energy Right Heat Pump Program   

Last DSIRE Review: 08/21/2012
Program Overview:
State: Virginia
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.


 
Contact:
  Corporate Headquarters
Tennessee Valley Authority
400 W. Summit Hill Dr.
Knoxville, TN 37902-1499
Phone: (865) 632-2101
E-Mail: tvainfo@tva.com
Web Site: http://www.energyright.com/
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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 2013 - 2014 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.