Solar & Battery Regulation & Incentive Programs

Alabama Power - Residential Heat Pump Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Alabama
Eligible Storage Technologies:
Geothermal Heat Pumps, Heat pumps
Website:
https://www.alabamapower.com/residential/ways-to-save/energy-saving-products/economical-heat-pumps.html
Maximum Loan:
Varies, up to 100% of project cost for qualifying customers
Loan Term:
Not specified
Administrator:
Alabama Power
Applicable Sectors:
Residential, Low Income Residential
Utility:
Alabama Power Co
Last Updated:
06/05/2020

Summary

Alabama Power offers low-interest loans to residential customers to purchase and install new heat pumps. The loans require no money down and can be used to finance an air source, geothermal or dual-fuel heat pump. The loans can also be used to cover associated water heating costs and wiring installations. Additionally, heat pump installation can be combined with weatherization measures, including insulation, storm windows and doors, and attic ventilation. Plus, humidifiers, dehumidifiers, air cleaners, and duct cleaning can be combined with these loans as well. Contact Alabama Power at 1-800-990-APCO (2726) or see the program web site for more information.