|Incentive Type:||Utility Loan Program|
|Eligible Efficiency Technologies:||Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation|
Repayment: up to 60 months
|Incentive Amount:||100% of the total cost for heat pump or weatherization measures|
Haywood EMC offers a low interest loan to residential customers to finance the purchase of an energy efficient heat pump and certain weatherization measures. The current interest rate is 5% and the loan has a maximum payback time of 60 months. In order to apply for the loan, customers must submit an application, an approved credit check, a copy of land deed, a quote from a licensed HVAC contractor with a "load calculation" report, and a processing fee of $150. The heat pump must be 15 SEER of higher and Energy Star certified to be eligible for this loan program.