TVA energy right® Loan Program
| Loan Features | Current Interest Rates |
| Eligible Measures | How to Apply |
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.
Loan Features
Key features of an EFS loan:
What if your contractor is not approved?
- 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 available: 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
Please advise your contractor to visit our Contractor Participation page to find information on how to become approved.
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Current Interest Rates
Credit Score Interest Rate Annual Percentage Rate (APR) 640 - 679 16.99% 16.99% 680 - 719 16.25% 16.25% 720+ 14.99% 14.99% Note: Rates subject to change weekly.
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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 duct work, 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 sealingENERGY STAR approved
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 boardAir Sealing (including weatherstrip and caulk) Must be performed by a QCN contractor and meet energy right requirements Storm Windows Must meet energy right requirements
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How to Apply
Before you select one of the four 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.D) Online application
If you would like to submit an online credit application, please follow the link below:
Online Credit Application
If you apply online, a loan representative will contact you within a few hours to inform you of the loan decision. You will also be notified by mail.In order to fully process your loan, you will need to mail or fax the following information in addition to the Credit Application:
- Copy of contractor's bid for the eligible home improvements. (The bid needs to be signed by the contractor and homeowner, list the eligible improvements, and indicate the total cost.)
- Please provide proof of income with your application. (Recent paystub showing year to date income, or if self-employed, provide a copy of the most recent federal tax returns)
Submit to:
Energy Finance Solutions
431 Charmany Drive
Madison, WI 53719
Fax: 608.249.5788
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