New Homes Program
Incentives are available to contractors building all-electric or partial-electric homes!
New Homes Program for Valley Homebuilder Contractors and Home Owners Acting as Their Own Contractor
The New Homes Program was redesigned by TVA and local power companies to offer a suite of new HVAC and water heating equipment incentives. Incentives are available for all-electric homes, as well as homes that have gas appliances in them. The incentives are offered for both single family homes and duplexes.
To be eligible for incentives, homes must be new (less than one-year old), built to prevailing local code, and have qualified equipment installed.
- A quick and easy validation will be conducted on a small percentage of qualifying homes.
- There’s minimum paperwork.
- No ENERGY STAR® requirement!
The New Homes Program incentives help builders purchase technologies that are highly desired for efficiency, effectiveness, and longevity, making these new homes more marketable. Additionally, participating homebuilders can receive the added marketing benefits of taking part in a program sponsored by TVA and local power companies.
New and Improved Program is Builder-Focused and Customer-Friendly
Flexible: The program allows for homes with multiple fuel sources to participate, and focuses on installing equipment and meeting local prevailing codes rather than stringent envelope requirements.
Simple: Participation takes less time and effort thanks to fewer inspections, quick and easy validation, and the elimination of complicated installation requirements, such as HERS ratings and preliminary plan reviews.
Beneficial: Homebuyers will see and feel the difference with our incentivized technologies, which provide them with greater comfort and control.
A Wide Range of Incentives Are Available to Homebuilders
$550 - Electric Vehicle Ready All Electric Home (No Gas)
$500 - All Electric Home (No Gas)
$400 - Electric Heat Pump & Electric Water Heater
$350 - Electric Heat Pump
$300 - Dual Fuel Heat Pump & Electric Water Heater
$250 - Dual Fuel Heat Pump
$200 - Mini-Split (Whole Home)
$150 - Conventional Electric Water Heater