Programs

CUB customers who qualify can obtain a loan to finance the purchase of a new, qualified heat pump system. Loan terms up to 10 years are available at an interest rate of 8%. The monthly loan payment will be billed on your electric bill. Your loan approval number can be provided to any of TVA’s participating Quality Contractor Network members, who will complete the installation and submit the project to the TVA EnergyRight Residential hub for direct funding of the installation costs. The process to apply for a loan can all be done online. To get started, follow the steps outlined below.

1. Click here to apply for the TVA loan. You can also call 1-855-237-2673.
2. You will receive a notification of approval or denial to the provided email address within 48 hours.
3. If approved, click here to view a list of TVA-approved contractors who can install your new equipment. CUB suggests you obtain quotes from multiple contractors, then contact the one you would like to install your new HVAC unit.
4. After your new unit is installed, the contractor will submit the installation information to EnergyRight. Your loan documents will be created and sent to you for your signature. The online loan is completely paperless. You can even sign electronically!
5. Once you have signed your loan documents, your contractor will be paid.
6. Soon after, the monthly loan installment will begin being billed each month on your normal Clinton Utilities Board electric bill.