Grants directory
TVA EnergyRight Residential Services
Tennessee Valley Authority / Springfield Electric and local power company partners · Utility program
Low-interest, fixed-rate loans with no money down; rebate amounts are not stated on the page.
A utility-backed home energy program that helps eligible customers finance high-efficiency heat pumps with low-interest, fixed-rate loans and also offers rebates on certain energy-efficiency upgrades. Homeowners can also choose an evaluation/inspection to get customized recommendations.
Program details
How it works
Springfield Electric and TVA created the EnergyRight Residential Solutions program to help customers save money and energy by installing high-efficiency electric heat pumps. The program offers low-interest, fixed-rate loans with no money down to finance heat pump costs. Payments are added to the customer’s monthly bill and can be spread over as many as 10 years.
What the money covers
The page says the program can finance the cost of high-efficiency heat pumps. It also says homeowners can earn rebates on qualified energy-efficiency upgrades. Examples listed on the page include:
- attic insulation
- air sealing
- duct system work for an existing HVAC system only
- water heaters
- window replacement
- storm windows added to single-pane windows
- exterior door replacement
- heat pump replacement
- tune-up for an existing central heat pump or air conditioning system
- central air conditioning replacement
- geothermal heat pump replacement
- dual fuel heat pump replacement
Amounts and matching
The page does not state a rebate dollar amount or a maximum loan amount. It says financing and rebate options depend on the customer’s local power company.
How to apply
For the loan/equipment program, interested homeowners are told to call (615) 384-6770 to get started.
The page also describes two entry options:
- Evaluation/Inspection after upgrades: a participant may make upgrades first, then receive an on-site visual assessment after the initial upgrades are installed by a Quality Contractor Network (QCN) member. The evaluation includes a report with customized upgrade recommendations.
- Evaluation before upgrades: a participant may pay a non-refundable fee for an on-site visual assessment. An advisor walks through a plan with the participant and provides a report with customized upgrade recommendations.
Timing and deadlines
The page does not give a closing date or application deadline. It says homeowners can re-engage with the program as many times as needed to improve home performance.
Full eligibility details
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