|Incentive Type:||Utility Loan Program|
|Eligible Efficiency Technologies:||Water Heaters|
Repayment: 3 years
Electric-to-Electric Water Heater Installation: up to 100
Gas-to-Electric Water Heater Installation: up to 175
Gibson Electric Membership Corporation provides loans to its residential customers to finance new, energy efficient water heaters. The loans are interest-free and can be paid off in as many as 3 years. To participate, customers can visit one of the dealers listed on the web site and pick out a qualified electric water heater. The dealer will send the bill to Gibson EMC. Gibson EMC then pays the dealer and sets up interest-free financing for 36 months on the customer's electric bill. They will also provide a $250 rebate for energy efficient replacement water heaters installed in new homes.