HVAC Financing Options in Decatur, AL
A new heating and cooling system is one of the best investments you can make in your home. But we get it. Nobody wants to write a check for several thousand dollars all at once. That’s why Southeastern Mechanical Services offers multiple financing options to help you get the system you need now and pay for it in a way that actually fits your budget.
Whether you prefer traditional home improvement financing or want to take advantage of a unique on-bill payment option through your local utility, we’ve got you covered.
Goodleap Financing Through SMS
Our primary financing partner is Goodleap, one of the most widely used home improvement financing platforms in the country. When you finance your HVAC system through Goodleap, you get the kind of flexibility that makes a big project feel a whole lot more manageable.
How It Works
When you schedule your free estimate with us, we’ll walk you through what a new system costs, what HVAC rebates you qualify for, and what your monthly payment would look like with Goodleap financing. The application process is quick, and most customers get a decision fast. Once approved, we schedule the install and you start making monthly payments. No draining your savings. No maxing out a credit card.
What You Can Finance
Goodleap financing covers the full range of HVAC work we do, including:
- Heat pump systems
- Ductless mini split installations (Mitsubishi and others)
- Central air conditioning replacements
- Furnace replacements
- Complete system changeouts
- Geothermal heat pump installations
Ask us about current promotional rates and terms when you call. Options change periodically, and we want to make sure you’re getting the best deal available at the time of your install.
TVA EnergyRight On-Bill Financing
Here’s an option most homeowners in our area don’t know exists. If you get your electricity through a participating local utility, you may be eligible for TVA EnergyRight on-bill financing. This is a loan program offered through TVA and your local power company that lets you finance qualifying energy-efficient upgrades with $0 down, and the monthly payment goes right on your electric bill.
It’s a pretty straightforward deal. You get a new system, your energy bills drop because the new equipment is more efficient, and the loan payment shows up as a line item on the same utility bill. A lot of customers tell us the net difference on their monthly bill is smaller than they expected because the energy savings partially offset the loan payment.
Quick Details on TVA EnergyRight Financing
- $0 down payment required
- Loan amounts from $2,500 to $20,000
- Loan terms up to 10 years. We typically set customers up on the 10-year plan, which carries a 9.99% fixed rate.
- No application fee. It’s free to apply and the credit check is a soft pull, so it won’t affect your credit score.
- Minimum credit score of 625 (VantageScore) to qualify
- Fixed interest rate for the life of the loan. Rates vary by creditworthiness, with most falling in the range of roughly 10-13% APR.
- Payment added to your monthly electric bill. One bill, one payment. Simple.
- 100% paperless. The application, approval, and loan closing are all handled online.
What Qualifies for TVA Financing
TVA EnergyRight financing covers a solid list of energy efficiency upgrades:
- Heat pumps (air source or dual fuel)
- Ductless mini split heat pumps
- Geothermal heat pumps
- Central air conditioning systems
- Heat pump water heaters
- Insulation, air sealing, and duct sealing (when paired with a heating/cooling upgrade)
Which Customers Are Eligible?
TVA EnergyRight financing is available through participating local power companies. Not every utility in North Alabama has opted into the program yet. Right now, the participating utilities in our service area are:
- Decatur Utilities (Decatur)
- Athens Utilities (Athens)
- Hartselle Utilities (Hartselle)
If your electricity comes from one of these three utilities, you can check your eligibility right on the TVA EnergyRight website. If your power comes from a different provider like Joe Wheeler EMC, this particular financing option may not be available to you right now, but our Goodleap financing is available to anyone regardless of utility provider.
How the Process Works With SMS
Since Southeastern Mechanical Services is a member of TVA’s Quality Contractor Network, we can walk you through the entire TVA financing process from start to finish. Here’s what it looks like:
- You call us for a free estimate and we help you choose the right system for your home.
- You apply online for TVA EnergyRight financing. No fee, soft credit pull only.
- Once approved, we schedule and complete your installation.
- We submit the project details to TVA EnergyRight.
- Your loan documents come to you electronically for signature.
- Your loan payment starts showing up on your electric bill.
And don’t forget, you can combine TVA financing with TVA EnergyRight rebates on the same project. So you might finance a new heat pump and also get up to $800 back as a rebate. Those two things work together, not against each other.
Which Financing Option is Right for You?
Honestly, it depends on your situation. Here’s a simple way to think about it:
Goodleap is a great choice if you want the broadest range of promotional options, if your utility doesn’t participate in TVA financing, or if you just prefer to keep your HVAC payment separate from your electric bill.
TVA EnergyRight financing is worth a look if you like the simplicity of one monthly bill, you’re a Decatur Utilities, Athens Utilities, or Hartselle Utilities customer, and you want a fixed-rate loan with no down payment. The 10-year plan at 9.99% is what we set up most often, and the on-bill payment is hard to beat for convenience.
Either way, we’ll help you compare the options side by side so you can pick what makes the most sense for your budget. There’s no pressure here. We just want to make sure you know what’s available.
Get Your Free Estimate
Ready to find out what a new system would cost with financing? Call us at (256) 686-3444 or contact us online to schedule a free estimate. We’ll go over your system options, rebate eligibility, and financing plans all in one visit. We serve Decatur, Athens, Hartselle, and communities throughout North Alabama.
Note: Financing terms, rates, and eligibility are subject to change and depend on individual creditworthiness. TVA EnergyRight financing is administered by TVA and participating local power companies, not by Southeastern Mechanical Services. Goodleap financing is subject to credit approval. Contact us for the most current rates and program details.
