TVA Financing


The Tennessee Valley Authority has partnered with Energy Finance Solutions to provide customer financing for homeowners participating in its energy right® program. Homeowners may use this loan program to finance a number of energy efficient improvements for their homes.

TVA HVAC Online Application


Loan Features

Key features of an EFS loan:

  • Residential owner-occupied single-family and duplex homes.
  • Unsecured loan (homeowner provides no collateral).
  • Borrowers can finance $2,500 – $20,000.
  • Fixed rate loan terms are available for 3, 5, 7 and 10 years.
  • No fees, points or closing costs.
  • No prepayment penalty.
  • Can finance 100% of installation costs.
  • Quick approval process – usually 30 minutes or less.
  • Approved contractors only.

Current Interest Rates

EFS requires a credit score of 640 or higher. Interest rates are currently between 10.99% – 19.99%

Note: Rates subject to change weekly.

Eligible Measures

The TVA energy right® loan program is designed to promote the installation of high efficiency measures, making your home more energy efficient. Therefore, all measures to be installed must meet minimum efficiency requirements to be eligible for financing. The following list provides you with the efficiency requirements of all measures eligible for financing.

At any time throughout the application process you may call 1-800-562-8085 for assistance.

A) Heating Systems
Any costs associated with the installation of the measures listed below (such as ductwork, grills, chimney liners, air cleaners, furnace humidifiers, and thermostats) are also eligible for financing.

When a heating system is replaced, electrical service upgrades necessary to install the new heating unit may be financed.


Heating System Type


Minimum Efficiency Requirements

* Heat pumps – air source and ground source.
* Dual fuel heat pumps.

* HVAC tune-up.
* Duct repair/replacement and ENERGY STAR-approved sealing.
* Must meet energy right® requirements and be installed by a QCN contractor.
* Split system must be replaced as a single unit. See above AND must receive pre-approval from Distributor Clean, inspect, and adjust heating and cooling equipment. Must have existing HVAC. Air distribution only.


B) Cooling Systems

When a central air conditioner is installed, any electrical work or electrical service upgrade necessary to install the new unit may be financed.

 

Cooling System Type

Minimum Efficiency Requirements

Central Air Conditioner (with gas packs or gas split)

Distributor pre-approval ENERGY STAR approved. Must meet energy right® requirements and be installed by a QCN contractor.

Split system must be replaced as a single unit.

C) Water Heating Systems

Water Heating System Type

Minimum Efficiency Requirements

Water Heater Insulation Must meet energy right® requirements (Electric water heaters only).
Pipe Insulation Must meet energy right® requirements (Electric water heaters only).

D) Building Shell
Any costs associated with the installation of the insulation, such as moisture barriers or attic venting, are eligible for financing.

 

Building Shell Type

Minimum Efficiency Requirements

Attic Insulation and Ventilation Must be static and meet energy right requirements.
Floor or Perimeter Insulation and Ground Cover Must meet energy right requirements.
Exterior Wall Insulation Knee walls only (conditioned space)
R-13 or greater with foam board.
Air Sealing (including weatherstrip and caulk) Must be performed by a QCN contractor and meet energy right requirements.
Storm Windows Must meet energy right requirements.

 


How to Apply

Before you select one of the three options below please download the document, “6 Easy Steps“. 6 Easy Steps is a simple step-by-step instruction guide designed to assist you through the loan process.

Please note: Any homeowner with a credit history involving a foreclosure, bankruptcy or repossession in the past 7 years will be ineligible for this loan.

Below are four ways that you can apply for the TVA energy right® Loan Program.

At any time throughout the application process you may call 1-800-562-8085 for assistance.

 


 

A) By phone

You may call 1-800-562-8085 to be pre-approved for a loan over the phone.

B) Print the application

Click here to download the credit application. Please note the credit application is not a contract for a loan nor does it lock you into any commitment with a contractor. The credit application will allow us to proceed with your request for a loan to finance your improvement(s).

C) Request an application packet by mail

You may request an application packet by mail by calling 1-800-562-8085.