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
Member Services 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:

  • 731 646-3825
  • 731 646-3786
  • 731 646-3796

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.