Gibson Electric Membership Corporation customers, Kentucky · Loan
Gibson Electric Heat Pump Financing
Run by Gibson Electric Membership Corporation
Gibson Electric members who own their home can finance a heat pump, its installation and added insulation with no down payment, up to $20,000, repaid on the monthly electric bill.
Amounts
How much you get
Loan of up to $20,000 for any heat pump unit, including multiple units, with no down payment, repaid on the monthly electric bill. The page doesn't publish the interest rate or term. Loan funds go to the contractor minus the UCC-1 fixture filing fee.
Eligibility
Do I qualify?
You need to meet all 4 of these.
Gibson Electric member for at least six months.
Must be the legal owner of the property where the heat pump is installed.
Subject to credit approval.
A contractor from Gibson Electric's Quality Contractor Network must install it, and the installation must pass Gibson Electric's inspection before funds are released.
What to doPick a heat pump contractor from the Quality Contractor Network list on Gibson Electric's services page.
Equipment
What equipment counts
Applying
How to apply
Get approved before you buy anything.
- Submit the Heat Pump Financing Loan Application and Participation Agreement.
Online, or on paper at a Gibson Electric member service center.
- Get approval, then get a bid from a Quality Contractor and send it to Gibson Electric.
- Close the loan with a Gibson Electric representative.
Work can start after the 3-day rescission period.
- Contractor installs; Gibson Electric inspects.
- Gibson Electric pays the contractor and adds the payment to your electric bill.
Questions about applying731-855-4740, ext. 1615
Stacking
Use it with
Your address
Next steps
Check that it covers your address. This program has to approve you before you buy anything, so start with the program, not a contractor quote.
Is it available at your address?
Before anything else
Pick a heat pump contractor from the Quality Contractor Network list on Gibson Electric's services page.
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 Gibson Electric Heat Pump Financing pay?
Up to $20,000 loan.
Do I need to be a Gibson Electric Membership Corporation customer?
Yes. It’s only for homes in Gibson Electric Membership Corporation customers, Kentucky. See Do I qualify for the details.
Do renters qualify?
Must be the legal owner of the property where the heat pump is installed.
Do I have to use a contractor?
Yes. A contractor from Gibson Electric's Quality Contractor Network must install it, and the installation must pass Gibson Electric's inspection before funds are released.
Do I need approval before I buy?
Yes. Apply before you buy or install anything; purchases made first don’t qualify.
Is it still available?
Yes. It was open when we last checked, on October 28, 2026.
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.
Nearby
More in Kentucky
All of Kentucky
Weatherization Assistance Program (WAP)
Work done at no cost
Free energy audit and weatherization (insulation, air sealing, furnace repair or replacement, heat pumps and more) for Kentucky households at or below 200% of the federal poverty level, through local Community Action Agencies. Renters need the landlord's written permission.
Checked Oct 28, 2026
Kenergy Corp and Jackson Purchase Energy Corporation and Meade County Rural Electric Cooperative Corporation customers, Kentucky
Big Rivers Low-Income Weatherization Support Program
Up to $1,500
Low-income members of Kenergy, Jackson Purchase Energy and Meade County RECC who get free weatherization from their Community Action Agency can get up to $1,500 more in health and safety repairs and up to $1,500 toward an ENERGY STAR electric heat pump or AC, paid by Big Rivers.
Checked Oct 28, 2026
Inter-County Energy customers, Kentucky
Button-Up HVAC Duct Sealing Incentive
$500 back
Inter-County Energy pays $500 to residential members (or their contractor) who seal HVAC ducts in unheated spaces, verified by an energy advisor's before and after blower door test.
Checked Oct 28, 2026