Federal tax credits available on home  energy-efficiency improvements

 With the passage of the federal stimulus bill—the American  Recovery and Reinvestment Act of 2009— tax credits have  been increased for making certain types of home energy  improvements and equipment purchases. Learn more  about which heat pumps qualify for federal stimulus  bill tax  credits.

 Heat pump financing available with $0  down for  qualifying customers

 NEW: energy right solutions^® Heat Pump loan  applications are now available here.

   A heat pump is the most efficient way to heat and cool your house. It is basically a central air-   conditioning system that also works in reverse to provide central heating. During the summer, a heat    pump takes the air in your home, makes it cool and dry, and then recirculates it. In the winter, a heat    pump pulls heat from air outside (or from underground water, or the earth itself) and pumps it indoors.    Believe it or not, winter air actually contains heat you can use. Heat pumps come in a variety of    designs. For more information, log onto www.energyright.com and click the link to heat pump    types.






 Financing available to customers

• 6% fixed interest rate (Only available through September 15)--available on 14.5 SEER, 12 EER and 8.2 HSPF and higher split system heat pumps and 14 SEER, 11 EER and 8 HSPF and higher package system heat pumps and Advanced Heat Pumps financed through the TVA energy right® solutions Heat Pump Program. Advanced Heat Pumps are defined as variable-speed, triple-function, water-source and earth-coupled or geothermal heat pumps. (Units must be installed, inspected and paperwork submitted to NGEMC's Dalton office by September 15, 2010, to be eligible for 6 percent financing.)

• 8% fixed interest rate--available on 13 SEER split and package heat pump systems.

• Loans are available up to $10,000 for one unit or $12,500 for two units or for one Advanced Heat Pump unit.
• Get a fast and easy credit check; supply NGEMC with your warranty deed and complete a loan application. Click here for a loan application.
• With no money down you can qualify for a fixed 6 percent or 8 percent interest rate on the loan with 10 years to pay it off. No early payoff penalty applies.
• Payment installments will be added to your monthly electricity bill.
• A member of the TVA Quality Contractor Network will install the unit. You can get the QCN list from your customer care representative or view it here.
• The loan application of $75 can be added to your power bill.
• Program packets are available at any NGEMC office.
• To comply with the USA PATRIOT Act, the applicant and co-applicant must provide NGEMC with a photocopy of a valid picture I.D., such as a driver's license, at the time the heat pump loan is closed.