MassSAVE - Financing for Business Program (Massachusetts)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Massachusetts

Name MassSAVE - Financing for Business Program (Massachusetts)
Incentive Type Utility Loan Program
Applicable Sector Commercial, Multi-Family Residential, Nonprofit
Eligible Technologies Compressed air, Custom/Others pending approval, Lighting, Lighting Controls/Sensors, Motor VFDs, Motors, Processing and Manufacturing Equipment, LED Exit Signs, Unspecified technologies
Active Incentive Yes

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount Varies















Maximum Incentive $100,000









Terms Rate: Prime plus 100 basis points (6.25% floor)

Repayment: Up to 7 years

Program Administrator MassSAVE
Website http://www.masssave.com/business/new-construction-and-equipment/find-incentives/business-financing

Last DSIRE Review 2013-02-13
Last Substantive Modification
to Summary by DSIRE
2013-02-13


References Database of State Incentives for Renewables and Efficiency (DSIRE)[1]


Summary

Business customers of Berkshire Gas, Cape Light Compact, Columbia Gas of Massachusetts, National Grid, New England Gas Company, NSTAR, Unitil and Western Massachusetts Electric Company may be eligible for low-interest financing to help increase the energy efficiency of their businesses and nonprofits. Customers must have a qualifying project that is pre-approved by the local utility or energy efficiency provider and must use a pre-approved lender. A list of participating lenders is available on the program web site.


Incentive Contact

Contact Name HEAT Loan Program
Department MassSAVE



Place Boston, Mass

Phone (866) 527-7283


Email info@masssave.com
Website http://www.masssave.com/
     
     


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"