North Georgia EMC customers, Georgia · Loan
Heat Pump Financing through EnergyRight (North Georgia EMC)
Run by North Georgia EMC
North Georgia EMC members who own their home can borrow $2,500 to $20,000 at a low, fixed rate for an energy-efficient heat pump installed through TVA EnergyRight, with $0 down, no prepayment penalty and payments on the electric bill. Needs a 625 credit score and a $25 application fee.
Amounts
How much you get
Loans from $2,500 to $20,000 at a low, fixed interest rate (rate not published), repaid in installments on the electric bill, with no penalty for early payoff. A nonrefundable $25 application fee is billed to the electric account, and UCC filing fees are added to the loan.
Eligibility
Do I qualify?
You need to meet all 5 of these.
Primary North Georgia EMC account holder.
The applicant must be on the property deed. One applicant per application.
Credit score of 625 or higher through Equifax.
Mobile homes must be on a permanent foundation. Homes with a reverse mortgage need written permission from the lender.
What to doFor a reverse mortgage, get written permission from the financial institution before applying.
The heat pump is installed by a TVA EnergyRight approved contractor (list on energyright.com). You can pick the contractor during the application or later.
What to doChoose a contractor from the approved list at EnergyRight.com. My Home, Incentives and Financing (North Georgia EMC) Get a quote from a contractor
Equipment
What equipment counts
Applying
How to apply
You apply online.
- Apply online.
Visit energyright.com and click "Check your eligibility", or apply with NGEMC's Energy Services team at a local office.
- Upload your documents.
Photo ID, most recent power bill and property deed.
- Sign electronically.
Respond to the DocuSign link within 30 days or the application is voided. A $25 nonrefundable fee is billed to your electric account.
- Pick an approved contractor and have the heat pump installed.
- Sign the final loan paperwork.
After the contractor's invoice is submitted, NGEMC contacts you. You have three business days to cancel.
- Repay on your monthly electric bill.
Photo ID
Most recent power bill
Property deed
Forms and instructionsContact (North Georgia EMC)
Questions about applying706.259.9441
Stacking
Use it with
The heat pump may also qualify for a TVA EnergyRight rebate when an approved TVA contractor installs it.
EnergyRight, through local power companies and North Georgia EMC customers, Georgia
TVA EnergyRight Home Upgrade Rebates (north Georgia)
Up to $1,500 back
Customers of participating north Georgia power companies get $500 to $800 for a heat pump, $800 for a ductless mini split, $1,500 for a geothermal heat pump, $200 to $400 for central AC, $50 for an HVAC tune-up and $300 each for duct sealing, air sealing, attic insulation and wall insulation, when a TVA Quality Contractor Network member does the work.
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 Heat Pump Financing through EnergyRight (North Georgia EMC) pay?
Amount not published. Loans from $2,500 to $20,000 at a low, fixed interest rate (rate not published), repaid in installments on the electric bill, with no penalty for early payoff. A nonrefundable $25 application fee is billed to the electric account, and UCC filing fees are added to the loan.
Do I need to be a North Georgia EMC customer?
Yes. It’s only for homes in North Georgia EMC customers, Georgia. See Do I qualify for the details.
Do renters qualify?
The applicant must be on the property deed. One applicant per application.
Do I have to use a contractor?
Yes. The heat pump is installed by a TVA EnergyRight approved contractor (list on energyright.com).
Can I combine it with other rebates?
Yes, with TVA EnergyRight Home Upgrade Rebates (north Georgia). See Use it with.
Is it still available?
Yes. It was open when we last checked, on October 27, 2026.
Is there a lien on my home?
Yes. NGEMC files a UCC Financing Statement with your county, and a lien stays on the property for the life of the loan; filing fees are added to the loan.
Can I cancel after signing?
Yes. You have three business days (excluding holidays) to cancel the loan and pay the contractor directly.
Plain words
Words used on this page
References
Sources
This page is built from these official pages, run by the program itself.
When one of these pages changes, we re-check this page against it.
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