Heat Pump Loans

Loans in amounts of up to $10,000 for one unit and $12,500 for two units are available to qualified members for the installation of a heat pump(s). There are three qualifications for this program:

  1. Must be owner of the property where heat pump is to be installed.
  2. Must have electric service in your name.
  3. Must pass a credit check.

To apply for a loan please fill out, sign and date the heat pump loan application form and mail to

Pickwick Electric Cooperative
HR/Communications Dept.
P.O. Box 49
Selmer, TN 38375

Or you can fax it to 731 645-9863.

To apply by telephone call one of the following numbers:

  • 731 434-0568
  • 731 434-0567

Once the heat pump is installed there will be a $50 filing fee to record the loan. To complete the loan a photo copy of a government-issued photo ID is required.

All units must be installed by TVA approved contractors. See heat pump contractors list.