Gibson Electric Membership Corporation - Residential Heat Pump Loan Program (Tennessee)

From Open Energy Information


Last modified on May 23, 2011.

Financial Incentive Program

Place Tennessee

Name Gibson Electric Membership Corporation - Residential Heat Pump Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential, Multi-Family Residential
Eligible Technologies Heat pumps, Building Insulation, Windows
Active Incentive No
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount 8% APR for up to 10 years for loans of up to 10,000 for a single unit and 12,500 for multiple units.

Program Administrator Gibson Electric Membership Corporation

References DSIRE[1]


Gibson Electric Membership Corporation provides low-interest loans to help its residential customers install new, energy efficient heat pumps in their homes. Loans of up to $10,000 have an 8% interest rate with up to 10 years to pay off. Heat pumps must be installed by contractor listed on Quality Contractor List. Upon credit approval, the loans can also be used to pay the installation costs, as well as storm windows and added insulation. Additional funds of up to $2,500 can be added to the $10,000 for multiple units or an Advanced Heat Pump. More information may be found on the website listed above.

Incentive Contact

Contact Name Customer Service
Department Gibson Electric Membership Corporation
Address 1207 South College St
Address 2 PO Box 47
Place Trenton, Tennessee
Zip/Postal Code 38382
Phone (731) 855-4740 Ext:1611


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"