Pennyrile RECC - Heat Pump Loan Program

Pennyrile Rural Electric Cooperative serves 46,000 members in parts of nine Kentucky counties: Christian, Trigg, Logan, Todd, Muhlenberg, Lyon, Caldwell, Butler, and Simpson. Residential customers who own existing homes are eligible for financing to fund a new energy efficient heat pump system, pending a credit check. Customers can borrow up to $10,000 for an energy efficient heat pump that is at least 13.0 SEER or up to $12,500 for an advanced heat pump or geothermal system. The heat pump or geothermal system must be installed by a Pennyrile approved contractor and will undergo a post-installation inspection. In addition to purchasing a new heat pump, this loan can be used to purchase additional insulation, replace or install storm windows, add electronic air cleaners, or purchase factory extended warranties. The loan has an interest rate of 8% for up to 10 years. For more information about applying for this loan program, contact Pennyrile RECC.