HEA customers, Alaska · Loan
Line of Credit Program (Homer Electric Association)
Run by Homer Electric Association
Homer Electric Association lends qualified members $200 to $10,000 to buy electrical and plumbing appliances, including heat pumps, and pay for installation, repaid over 6 to 60 months or more by auto-draft.
Amounts
How much you get
Loans from $200 to $10,000 for electrical and plumbing appliances and the labor to install them. Interest rates as of October 2026: 8.60% for loans up to 36 months and 8.74% for loans between 36 and 60 months. A $35 application fee is charged at loan signing.
Eligibility
Do I qualify?
You need to meet all 3 of these.
Active HEA member with a good payment history.
Subject to credit approval; HEA runs a credit check.
The purchase must be from HEA's list of approved vendors and eligible equipment.
What to doBuy from a retailer on HEA's approved vendor list.
Equipment
What equipment counts
Applying
How to apply
You apply online.
- Check the approved vendors and eligible equipment list.
- Apply online or with the PDF application.
You authorize HEA to run a credit check.
- HEA contacts you once the application is processed.
- Sign the loan and pay the $35 application fee.
- Repay by auto-draft over 6 to 60 months or more.
Forms and instructionsHomer Electric Association: Heat Pump Rebate Program
Questions about applying(907) 235-8551
Stacking
Use it with
You can get these too.
HEA customers, Alaska
Heat Pump Rebate Program (Homer Electric Association)
$500
Homer Electric Association gives members a $500 bill credit for installing a qualified heat pump, and pays the licensed contractor who installs it another $500, for up to $1,000 in total. Funding is limited.
Checked Oct 27, 2026
Your address
Next steps
Check that it covers your address. Then, if you want, ask for a contractor quote.
Is it available at your address?
Before anything else
Your quote request is in If a contractor we work with serves your ZIP, they can contact you. We take one request per person; contact us to change it.
Get an email if this program changes
We'll write if its amount, status or deadline changes. Nothing else.
FAQ
Questions
How much does Line of Credit Program (Homer Electric Association) pay?
Up to $10,000 loan.
Do I need to be a HEA customer?
Yes. It’s only for homes in HEA customers, Alaska. See Do I qualify for the details.
Can I combine it with other rebates?
Yes, with Heat Pump Rebate Program (Homer Electric Association). See Use it with.
Is it still available?
Yes. It was open when we last checked, on October 27, 2026.
Plain words
Words used on this page
References
Sources
This page is built from these official pages, run by the program itself.
- Homer Electric Association: Line of Credit Program
- Homer Electric Association: Heat Pump Rebate Program
When one of these pages changes, we re-check this page against it.
Nearby
More in Alaska
Parts of Alaska
ACES: Accelerating Clean Energy Savings
Up to $8,500 back
Heat pump rebates of $4,000 to $8,500, set by household income, for homeowners and renters in 43+ coastal Alaska communities from Metlakatla to Kodiak whose main heat is oil, propane, gas or wood. There's no income cap on the $4,000 level. You must be approved before buying anything.
Checked Oct 27, 2026
Parts of Alaska
Alaska Carbon Reduction Fund Heat Pump Program
Amount varies
No-cost heat pump installations for lower-income homeowners in coastal Alaska communities from Metlakatla to Kodiak whose homes are heated by oil, propane, natural gas or wood. Household income must be at or below 80% of the area median; first come, first served.
Checked Oct 27, 2026
Parts of Alaska
Heat Pump Loan Program
Up to $20,000
Low-interest personal loans for heat pump installation in coastal Alaska, arranged by Alaska Heat Smart. True North FCU lends up to $20,000 for up to 60 months across the ACES region; Tongass FCU lends up to $15,000 in Sitka. An Alaska Heat Smart home energy assessment is required.
Checked Oct 27, 2026