Electric water heater rebates are available for installing a 30-gallon or larger electric water heater in your home. It can either be an installation in a new home or a replacement of an old electric or gas water heater. A $100.00 rebate will be paid after the bill is turned in to our Customer Service department and a Northcentral representative completes an on-site inspection. Heat pumps can be financed through a Tennessee Valley Authority (TVA) program administered by Northcentral. Retrofit heat pumps must be 13-SEER to be eligible for financing up to 10 years based on member’s credit rating. The monthly charge will be added to the member’s utility bill. This program is available on existing homes only. Heat pump financing carries an 8% interest rate and the loan amount is up to $10,000.