- Must own the property
- Must be a member, in good standing with Appalachian Electric Cooperative (AEC)
- Must meet minimum credit score standards
- Interest rate is 5% APR
- Loan term is up to 120 months
- A UCC-1 filing fixture will secure the property (There is a filing fee)
- Same day approval
- On-Bill financing convenience
Energy Efficiency Loan
Measures Available for Financing
- Air Sealing – Caulking, weather stripping and other drafty cracks that cause energy loss.
- Windows and Doors – Installation of doors and windows to increase energy efficiency.
- Duct System – Repair leaks, inefficient installation or undersized ductwork.
- Attic Insulation – Increasing the R-value of attic insulation.
- Water Heater – Upgrading the water heating system and insulation.
- Heating/Cooling System – Upgrading the HVAC that is most efficient for your home.
- Contact AEC Member Services Department in person or by phone at Extension 1880
- 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 general contractor and go
- All electric heat pumps
- Geothermal heat pump systems
- Heat pump water heaters
- Dual fuel heat pumps
- Mini-split HVAC systems
- Marathon water heaters
| Upgrade | Project | Incentive | Unit |
|---|---|---|---|
| HVAC System | TVA Preferred Air Source Heat Pump | $1,500 | per system |
| 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 System | $50 | per system |
| Duct System | Duct Sealing, Repair, Insulation, or Replacement | $300 | per system |
| Water Heating | Heat Pump Water Heater | $800 | per unit |
| Air Sealing | Envelope Air Sealing | $300 | per home |
| Insulation | Attic Insulation | $300 | per home |
| Insulation | Wall Insulation | $300 | per home |
| Insulation | Floor Insulation | $100 | per home |
| Windows & Doors | Window Replacement | $15 | per window |
Energy Efficiency Audit
AEC offers free home residential energy audits to address your home’s energy efficiency. For more information on this service or to schedule an audit, please contact our energy inspector at extension 1177 or at 865-719-8322.
AEC Loan Application
The AEC Energy Efficiency Loan Program is designed to help AEC’s members with financing energy efficiency upgrades. A Member Services staff member can help you fill out an application over the phone. Call (865) 475-2032 ext. 1880 for assistance.