No Money Down Low Interest Loans for Energy Efficient Technologies
Alabama Power offers low-interest loans to residential customers to purchase and install new heat pumps and a variety of weatherization measures. 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. The weatherization measures eligible for loans include insulation, storm doors, double-pane windows and attic ventilation. Contact: Alabama Power, Residential Programs, 600 North 18th Street, Birmingham, AL 35291; 800-990-2726; 800-245-2244; http://www.alabamapower.com/residential/heatcool.asp - 1

Up to $1200 in Rebates in Touchstone Home Energy Program
Central Alabama Electric Cooperative, a Touchstone Electric Cooperative, offers the Touchstone Energy Home Program. Touchstone Energy Homes qualify for Dual Fuel or Geothermal rebates and water heaters. In order to qualify homes must follow seven of the eleven guidelines of a Touchstone Home. The rebates are offered from $200-$1200 depending on tonnage and system type. Participants also qualify for a reduced price, and in some cases free, energy efficient water heater. Contact: Information Officer, Central Alabama Electric Cooperative, Prattville HQ, P.O. Box 681570, 1802 U.S. Highway 31, Prattville, AL 36068; 800-545-5735; http://www.caec.coop/cms/content/view/31/53/ 

Low Interest Loans for Energy Efficient Products
Using power purchased from the Tennessee Valley Authority (TVA), Cherokee Electric Cooperative provides electricity to almost 22,000 members throughout portions of Cherokee, DeKalb, Marshall, Etowah and Calhoun Counties. Cherokee Electric Coop offers TVA's energy right program to finance residential heat pumps at low interest rates. Payments are conveniently added to the monthly power bill. Homeowners can borrow funds at competitive rates for various energy efficiency-related home improvement projects. Energy efficiency products that can be financed include: electric heat pumps, air conditioners, electric water heaters, window/door replacement, and insulation. Contact: Information Officer, Cherokee Electric Cooperative, P.O. Drawer O, 1550 Clarence Chesnut Bypass Centre, AL 35960; 800-952-2667; 256-927-5524; Fax: 256-927-2278; http://www.energyright.com/heatpump/benefits.htm

Up to $10,000 Loan for Retrofit of Heat Pumps
City of Florence Utilities offers financing to its residential customers for retrofitting their heat pumps to improve efficiency. Subject to a credit approval process, the loan can be up to $10,000 and can have a term of up to 10 years. Contact: City of Florence Utilities, Customer Service, 110 W. College Street, PO Box 877, Florence, AL 35631; 256-740-6055; Fax: 256-760-6442; http://www.florenceutilities.com/Utilities_Departments/Electricity/Energy_Right/index.html

Incentives for Power Efficiency Measures
City of Florence Utilities offers incentives for its residential customers to install new water heaters, and to build their homes to an overall efficiency standard. Additionally, heating and air conditioning contractors can receive $200 for installing high efficiency heat pumps. Contact: City of Florence Utilities, Customer Service, 110 W. College Street, PO Box 877, Florence, AL 35631; 256-740-6055; Fax: (256) 760-6442; http://www.florenceutilities.com/Utilities_Departments/Electricity/Energy_Right/index.html

Free Heat Pumps for Qualifying Touchstone Homes
Covington Electric Cooperative, a Touchstone Electric Cooperative, is a member-owned electric cooperative serving rural communities in South Alabama. The company offers the Touchstone Energy Home Program wherein a home earning the Touchstone Energy Home designation qualifies for rebates and receives a free electric water heater per heat pump (up to two per home) and free underground secondary service up to 200 feet. Contact: Covington Information, Covington Electric Cooperative, Inc ., 18836 US Hwy 84, Andalusia, AL 36420; 800-239-4121; http://www.cov-elect.com/Touchstone Energy.html

Loans for Energy Conservation and Heat Pumps
Cullman Electric Cooperative, a Touchstone Electric Cooperative, has two loan programs. One is their Energy Conservation Loan Program, which provides members a loan for insulation or storm windows. Maximum loan is $2,000, payable up to 60 months at a rate of 11%. The Heat Pump Loan helps finance electric heat pumps under TVA's "energy right" program. Interest rate is 8% and monthly payments are billed through the electric bill. Contact: Member Services, Cullman Electric Cooperative, Member Services, PO Box 1168, Cullman, AL 35056; 800-242-1806; 256-737-3200; http://www.cullmanec.com/default.aspx?id=39

Rebates on Offer for New Homeowners
Cullman Electric Cooperative, a Touchstone Electric Cooperative, offers new homeowners a $200 rebate plus $100 per electric water heater. To qualify for the New Home Rebate Program, a home must have electric water heating, clothes drying, cooking, and a heat pump. Dual fuel heat pumps are allowed under this program as well as gas logs or small gas heaters. Contact: Member Services, Cullman Electric Cooperative, Member Services, PO Box 1168 Cullman, AL 35056; 800-242-1806; 256-737-3200; http://www.cullmanec.com/default.aspx?id=50

No Money Down Loans for Installation of Heat Pumps
Cullman Power Board offers financing for its residential customers to install Energy Right efficiency heat pumps for central heating and air conditioning. Heat pumps must be installed by a TVA approved contractor. If approved, customers may finance a loan with no down payment at an interest rate of 8% for up to 120 months. Contact: Cullman Power Board, Customer Service, P. O. Box 927, Cullman, AL 35056; 256-734-2343; http://www.cullmanpowerboard.com/Residential.htm - HeatPump

$5000 Loans at 5% for Range of Energy Efficiency Measurements
Dixie Electric Cooperative, a Touchstone Electric Cooperative, offers the Energy Resources Conservation (ERC) loan program which allows a maximum loan of $5,000 at a 5% interest rate. Funds can be used for improvements, upgrades, gas to electric conversions or installation of a heat pump system. The payments for the loan are added to your monthly bill and can be spread over a maximum of 60 months. Contact: Marketing Representative, Dixie Electric Cooperative, Post Office Box 30, Union Springs, AL 36089; 888-349-4332; 334-738-2500; http://www.dixieec.com/products.aspx?id=165

Incentives for New Homes
Part of the Energy Right Program from Joe Wheeler EMC and Tennessee Valley Authority, the New Homes Rebate Program is designed to help North Alabama members save money and gain home energy efficiency. Only totally electric homes, with the exception of those with gas logs in fireplace, may qualify for this $150 rebate. Contact: Joe Wheeler EMC, P.O. Box 460, Trinity, AL 35673; 256-552-2336; 256-552-2300; Fax: 256-355-0739; http://www.jwemc.org/

Loans for Home Heat Pumps
The Energy Right Program from Joe Wheeler EMC and TVA is designed to save money and gain home energy efficiency for its members in north Alabama. Heat pump loan approval is contingent upon a credit check by TVA and payment history with Joe Wheeler Electric and/or a previous utility. To qualify for the program, the applicant must be a JWEMC member and be the owner of the property where the unit is to be installed. Contact: Joe Wheeler EMC, P.O. Box 460, Trinity, AL 35673; 256-552-2336; 256-552-2300; Fax: 256-355-0739; http://www.jwemc.org/

$200 Incentive to Build Energy Efficient Home
Muscle Shoals Electric Board offers an incentive to its residential customers to build their new homes to an overall efficiency rating. The incentive is for $200 and is awarded to customers whose home meets all the efficiency requirements. Part of these requirements is the home must have a full kitchen (range, oven, and refrigerator) wired for electric appliances. Contact: Muscle Shoals Electric Board, Customer Service, 1015 Avalon Avenue, PO Box 2547, Muscle Shoals, AL 35662; 256-386-9290; 256-386-9293; http://www.mseb.net/topics/new_homes/index.htm

Rebates for High Efficiency Heat Pumps and Water Heaters
Partnering with the Tennessee Valley Authority, Sand Mountain Electric Coop is offering rebates for new and existing homes. Cash incentives are offered to the new homeowner through the Energy Right program. If the home is all-electric with a high-efficiency heat pump installed by a SMEC certified contractor, Sand Mountain Electric Cooperative and the Tennessee Valley Authority will pay the homeowner a cash incentive. Existing homes that install a high-efficiency heat pump or a high-efficiency water heater with a SMEC contractor may be eligible for a rebate. Consumers may only qualify for one heat pump or water heater rebate per year, per home. Contact: Sand Mountain Electric Cooperative, 402 Main Street West, P.O. Box 277, Rainsville, AL 35986; 877-843-2512; 256-635-6344; http://www.smec.coop/

$12,000 Loans for Heat Pumps
Sand Mountain Electric Cooperative is offering this heat pump loan program to eligible members. To qualify, members must have had power with Sand Mountain Electric Coop for at least one year, have the home electric bill and deeds in the same name, and pass a credit check. Heat pumps must be installed by certified heat pump contractors. Contact: Sand Mountain Electric Cooperative, 402 Main Street West, P.O. Box 277, Rainsville, AL 35986; 877-843-2512; 256-635-6344; http://www.smec.coop/

10 Year Loans for Energy Efficient Heat Pumps
Sheffield Utilities, through the Tennessee Valley Authority, offers a loan to its customers to help with the purchase of a new energy efficient heat pump. The loan will be financed over a 10 year period with a 9% interest rate. To qualify for the loan, you must have a good credit rating, the heat pump must be a TVA energy right heat pump, and it must be installed by a TVA approved contractor. Contact: Sheffield Utilities, Customer Service, 300 North Nashville Avenue, Sheffield, AL 35660; 256-389-2000; http://www.sheffieldutilities.org/PWCusService.htm

Rebates for Energy Efficient Homes
Sheffield Utilities, in collaboration with the Tennessee Valley Authority, offers an incentive for new homes built to an overall efficiency rating. The amount of the incentive varies depending on the efficiency rating. Existing homes may qualify for a free energy evaluation, which will identify efficiency opportunities within your home.
Sheffield Utilities also offers a $50 rebate to customers who install energy efficient, electric water heaters. Contact: Sheffield Utilities, Customer Service, 300 North Nashville Avenue, Sheffield, AL 35660; 256-389-2000; http://www.sheffieldutilities.org/PWCusService.htm or Tennessee Valley Authority, Muscle Shoals Office, PO Box 1010, Muscle Shoals, AL 35662
256-386-2431; http://www.tva.gov/index.htm

Low Interest Loans for Heat Pumps and Weatherization Costs
South Alabama Electric Cooperative, a part owner of Alabama Electric Cooperative  offers the Energy Resources Conservation Loan program which helps members of the cooperative cover the cost of labor and materials for energy conservation measures on existing structures. Loans will only be made to members who have good credit ratings and also own the structures to be weatherized. ERC loans may be provided to finance the cost of labor and materials for items such as insulation, storm or thermal windows, storm or thermal doors, and high efficiency heat pumps. Contact: South Alabama Electric Cooperative, P.O. Box 449, Troy, AL 36081; 800-556-2060; 334-566-8060; Fax: (334) 566-8949; http://www.southaec.com/products_programs.aspx?id=48

Rebates for Heat Pumps and Qualified Energy Efficient Manufactured Homes
South Alabama Electric Cooperative is a part owner of Alabama Electric Cooperative which has its generation facility in Andalusia, AL. New and existing homes meeting SAEC's insulation requirements will receive a cash rebate of $200 per ton for Dual Fuel Heat Pumps. Geothermal units qualify for $600 per ton if they meet Touchstone Energy Home requirements. South Alabama Electric will also provide a $300 cash incentive to new homeowners of qualified Energy Efficient manufactured homes. Contact: South Alabama Electric Cooperative, P.O. Box 449, Troy, AL 36081; 800-556-2060; 334-566-8060; Fax: (334) 566-8949; http://www.southaec.com/products_programs.aspx?id=50

Production Incentives for Solar Photovoltaic and Wind Projects
Participating power distributors in TVA's Green Power Switch Generation Partners program offer production-based incentives for solar photovoltaics (PV) and wind projects to residential customers. Under the residential contract, TVA will purchase the entire output of a qualifying system at $0.15 per kWh through a participating power distributor, and the consumer will receive a credit for the power generated. Qualifying sources for residential include photovoltaic and wind turbine systems with a minimum output of 500 watts AC and a maximum of 50 kW. Qualifying systems must be used primarily to provide all or part of the energy needs at a particular site and must not have previously generated into the grid. Until a total capacity of 150 kW has been reached, the owner of a qualifying residential system will receive a $500 payment when the site is connected to the grid. The goal for the entire program is 5 MW. The credit of $0.15/kWh is available for a minimum of 10 years from the signing of the contract, regardless of the amount produced. Contact: Tennessee Valley Authority, Muscle Shoals Office, PO Box 1010, Muscle Shoals, AL 35662; 256-386-2431; http://www.gpsgenpartners.com/

Free Water Heater for Touchstone Energy Homes
Wiregrass Electric Cooperative is a consumer-owned electric utility serving over 20,000 consumers in the "Wiregrass" area of southeast Alabama. Through the Touchstone Energy Home Program, qualified Touchstone Energy Homes receive a free high-efficiency water heater. Homes must meet floor insulation, wall insulation, attic insulation/ventilation, vapour seal, double glass windows, special insulated doors, exhaust system, hot water system and duct location in conditioned areas specifications. Contact: Wiregrass Electric Cooperative, Inc., 509 N. State Hwy. 167, P.O. Box 158, Hartford, AL 36344; 800-239-4602; 334-588-2223; Fax: (334) 588-6192; http://www.wiregrass.coop/touchstonehome.aspx

Tax Deduction for Installation of a Wood Burning Heating System
This statute allows individual taxpayers a deduction for the purchase and installation of a wood-burning heating system. The deduction is equal to the total cost of purchase and installation for the conversion from gas or electricity to wood when the system is used as the primary energy source for heating a home. This incentive is for the conversion of an existing system and not for the first-time installation of a wood-burning system. Contact: Information Specialist - AL Dept. of Rev., Alabama Department of Revenue, 50 N. Ripley, Montgomery, AL 36132-7123; 334-242-1000; http://www.ador.state.al.us/