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AEC Loan Program

Upgrade	Project	Incentive	Unit
HVAC System	Geothermal Heat Pump	$1,500	per system
HVAC System	Mini Split - 17 SEER2 or higher$	$800	per system
HVAC System	Heat Pump (air source or dual fuel) - 17 SEER2 or higher	$800	per system
HVAC System	Heat Pump (air source or dual fuel) - 15 to 16.99 SEER2	$500	per system
HVAC System	Central Air Conditioner - 17 SEER2 or higher	$400	per system
HVAC System	Central Air Conditioner - 15 to 16.99 SEER2	$250	per system
HVAC System	Tune-up for Existing Heat Pump or Central Air Conditioner	$50	per system
Duct System	Duct Sealing, Repair, Insulation or Replacement	$300	per system
Air Sealing	Envelope Air Sealing	$300	per home
Insulation	Attic Insulation	$500	per home
Insulation	Wall Insulation	$300	per home

All electric heat pumps

Geothermal heat pump systems

Heat pump water heaters

Dual fuel heat pumps

Mini-split HVAC systems

Marathon water heaters

Weatherization measures in addition to equipment
Contact AEC Member Services Department in person or by phone at 865-262-0124

Complete loan application form

Receive credit check approval

Must provide property ownership documentation upon request

Must show valid Federal or State photo ID

Must have a minimum 12 month payment history with utility

Choose your QCN contractor and go
Must own the property

Must be a member, in good standing with Appalachian Electric Cooperative (AEC)

Must meet a minimum 625 credit score

Interest rate is 8% APR

Loan term is up to 120 months on all equipment

$2,500 minimum / $20,000 maximum

A UCC-1 filing fixture will secure the property (There is a filing fee)

Same day approval

On-Bill financing convenience