MassSAVE - HEAT Loan Program (Massachusetts)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||MassSAVE - HEAT Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Boilers, Building Insulation, Duct/Air sealing, Furnaces, Heat pumps, Programmable Thermostats, Water Heaters, Windows, Solar Water Heat, Tankless Water Heaters|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Amount|| HEAT (Micro Loan): $500 - $2,000|
Heat (1-4 Unit, Owner Occupied): $2,000 - $25,000
|Terms|| HEAT (Micro Loan):|
|Date added to DSIRE||2006-09-01|
|Last DSIRE Review||2012-09-19|
| Last Substantive Modification
to Summary by DSIRE
Residential customers of Cape Light Compact, National Grid, NSTAR, Unitil and Western Massachusetts Electric Company may be eligible for zero-interest financing to help increase the energy efficiency of their homes homes through the Mass Save HEAT Loan Program. This financing is available to all residential customers who own and reside in a one to four family residence, obtain a Home Energy Assessment through the Mass Save Program and install the recommended energy efficiency improvements.
The loans are available up to $25,000 (depending on utility) with terms up to 7 years. Energy efficiency improvements eligible for the HEAT Loan include:
- Attic, wall and basement insulation
- High-efficiency heating systems
- High-efficiency domestic hot water systems
- Solar hot water systems
- Energy Star windows
- Energy Star thermostats
After all work financed with the HEAT Loan is complete, customers must notify their Mass Save vendor to schedule a verification inspection. More information, including a list of participating lenders, is available through Mass Save web site.
|Contact Name||HEAT Loan Program|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.