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Existing Home Program

Are you replacing your heating and cooling system?

We pay cash incentives if you use an approved Quality Contractor to install an electric your new heat pump.  For complete details, click here.
 

Replacing or installing an electric water heater?

We pay an incentive of $50 when you install an electric water heater in your home.  There is a form in each Pennyrile office that needs to be completed and also you give us a copy of the receipt where your water heater was purchased.  It is that easy!!

 

 

Need a LOAN to install a Heat Pump, Dual Fuel, Advanced System, or Geothermal?

We offer a low 7% simple interest loan up to $12,500 for a complete heat pump system.  Payments are added to your monthly electric bill and are repayable over 120 months.  There is no penalty for early payoff!!  

 

Requirements

  1. You own the property.
  2. We run a credit check.
  3. We provide you with brochures on different types of heat pumps and provide you with a list of the Quality Contractors.
  4. You choose a contractor from the Quality Contractors list.  (We recommend you contact at least three contractors for estimates)
  5. An inspection of the HVAC system is required after the installation is complete (loan paperwork is to be completed at this time).

 

Download the Heat Pump Loan Application HERE

  • Incentives are subject to change
  • Manufactured homes over 10 years old are not eligible for financing

To sign up or learn more about any of these programs, contact your district office or email us.

 

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