Need a Heat Pump?

Volunteer Energy Cooperative and TVA have joined forces to provide competitive financing for homeowners who are ready to enjoy the money-saving comfort of today's new heat pumps. The energyright® retrofit heat pump program can save you money in more ways than one.

For a home to qualify for this program, the home must be more than 12 months old. The heat pump must be a replacement heating/cooling system.

Application:
Click here for an application (pdf)

For Complete Information:
Click here for complete information (pdf)

General Information:

This program provides financing and is administered by TVA. Heat pump loan interest is 8% interest for a maximum of 10 years. (Lower interest rates are available for higher efficiency units.) Payments will be included on your VEC power bill. A list of TVA qualified contractors is available at your local VEC office or by visiting www.energyrightpartners.com. In order to qualify, the VEC power account and the property must be in the loan applicant’s name.

To speed the loan review process:

The loan application should be completed in the local VEC office and reviewed to ensure the information is complete.

The application should include information regarding both the husband and wife, where applicable.

A copy of a photo ID (driver’s license or State ID) is required to be submitted for each applicant before the bank will process the loan application, in accordance with the Patriot Act effective 6/1/2005.

All applicants must sign & date all forms (including cosigners).

A copy of the property Warranty Deed is required before, or at the time of, the heat pump installation.

Include your VEC account number on the application (this number should be the account to which the loan payments will be billed). This ensures that we bill the correct account.

More Information:

VEC will fax the loan to the bank and notify you by mail of your loan approval or denial. Loan approvals are valid for only 90 days. We typically will have approval of denial results from the loan application within 1-2 business days after the submission of the application. Please direct any questions to Connie Landrum at (423)334-7051 or Tracey Allen at (423)334-7053.