Loans in amounts of up to $15,000 are available to qualified members for the installation of a heat pump(s). There are three qualifications for this program:
- Must be owner of the property where heat pump is to be installed.
- Must have permanent electric service in your name for 12 months.
- Must pass a credit check.
To apply for a loan please fill out, sign and date the heat pump loan application form and mail to
Pickwick Electric Cooperative
P.O. Box 49
Selmer, TN 38375
Or you may fax to 731 434-0724 or 731-434-0715.
To apply by telephone call one of the following numbers:
- 731 434-0568
- 731 434-0567
Once the heat pump is installed there will be approximately a $45 filing fee to record the loan. To complete the loan a photo copy of a government-issued photo ID is required.
All units must be installed by TVA approved contractors. See list on https://energyright.com/.