Dyersburg Electric System
Energy Right Residential Program
Heat Pump Component

  1. CREDIT REQUIREMENTS
    1. COMPLETED LOAN APPLICATION
    2. CREDIT APPROVAL FROM FIRST AMERICAN NATIONAL BANK
  2. MINIMUM INSULATION REQUIREMENTS (MAY BE FINANCED WITH HP)
    1. R-19 ATTIC INSULATION
    2. ALL WINDOWS AND DOORS CAULKED AND WEATHER STRIPPED
  3. CUSTOMER OPTIONS (MAY BE FINANCED WITH HP)
    1. ADDITIONAL ATTIC INSULATION TO A TOTAL R-30
    2. ATTIC VENTILATION
    3. R-11 OR R-19 FLOOR INSULATION
    4. PLASTIC GROUND COVER
    5. CRAWL SPACE VENTILATION
    6. STORM WINDOWS
  4. DESCRIPTION OF PROGRAM
    1. MAXIMUM LOAN IS $7500.00 FOR AIR-SOURCE HEAT PUMPS AND $10,000.00 FOR ADVANCED HEAT PUMPS (VARIABLE SPEED AND GEO THERMAL)
    2. APR OF 9.0%
    3. 10 YEAR TERM
    4. REBATES
      1. SPECIALTY HEAT PUMPS (GEO THERMAL & VARIABLE SPEED) $200.00 PER TON TO CUSTOMER
  5. PROCEDURE UPON APPROVAL OF CREDIT
    1. CUSTOMER SELECTS AND HIRES CONTRACTOR FROM TVA APPROVED LIST
    2. CREDIT APPLICATION APPROVED BY FIRST AMERICAN NATIONAL BANK
    3. CONTRACTOR AND CUSTOMER COMPLETE AGREEMENT TO PARTICIPATE, UCC-1, AND PRIVACY ACT INFORMATION FORMS AND RETURNS TO DES
    4. CONTRACTOR INSTALS HEAT PUMP
    5. HEAT PUMP IS INSPECTED BY DES ENERGY AUDITOR
    6. CUSTOMER SIGNS LOAN PAPERS
    7. FIRST AMERICAN NATIONAL BANK PAYS CONTRACTOR
    8. DES BILLS CUSTOMER ON MONTHLY ELECTRIC BILL