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  • Report a power outage, make a payment and access your account 24/7 with the SVEC app for iPhone and Android! 
  • Get a new, energy efficient heat pump installed by a quality contractor and financed with SVEC!
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How Much Will a New Heat Pump Cost?

Heat Pumps come in a wide range of makes, models, and efficiencies and vary considerably in price. See the payment schedule below for an approximate cost and monthly payment based on 120 months at 7% APR. The payment is added onto monthly electric statement and is itemized on statement.

Monthly Payment Schedule
Loan Amount Monthly Payment
$2,500 (minimum) $29.03
$3,000 $34.83
$3,500 $40.64
$4,000 $46.44
$4,500 $52.25
$5,000 $58.05
$5,500 $63.86
$6,000 $69.67
$6,500 $75.47
$7,000 $81.28
$7,500 $87.08
$8,000 $92.89
$8,500 $98.69
$9,000 $104.50
$9,500 $110.30
$10,000 $116.11
$10,500 $121.91
$11,000 $127.72
$11,500 $133.52
$12,000 $139.33
$12,500 $145.14
$13,000 $150.94
$13,500 $156.75
$14,000 $162.55
$14,500 $168.36
$15,000 (maximum) $174.16

 

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©2023 Sequachee Valley Electric Cooperative. Energizing Our Communities

  • My Account
    • Access My Account
    • Billing Options
    • Energy Assistance
    • Fees and Rates
    • My Energy Use
    • Start or Stop Service
    • The SVEC App
    • Update My Account Information
    • Ways to Pay
  • My Cooperative
    • 2021 Virtual Annual Meeting
    • About Us
    • Affiliations
    • Board of Directors
    • CEO & Executive Staff
    • Co-op Events & Programs
    • Economic Development
    • Local Offices
    • Products
    • Tree & Vegetation Management
  • Outage Center
    • Report a Power Outage
    • View Outage Map
    • How to Prepare for Power Outages
    • Power Safety
    • Power Restoration
  • Energy Solutions
    • Comprehensive Services
    • Electric Vehicles
    • Energy Audits
    • Go Green
    • Heat Pump Financing
    • Lower My Energy Bill
    • New Homes Program
    • Solar Energy
  • News and Resources
    • Role Model Roll Call Series
    • Articles and Press Releases
    • Social Media
    • The Tennessee Magazine
    • Beware of Scams
    • Bright Ideas
    • Careers
    • SVECares
    • Rebates & Incentives
    • Washington D.C. Youth Tour
    • For Kids: Energy Monsters
  • SV Propane