Mass Save just recently announced the changes to their rebate incentives for qualified Massachusetts residents. The most notable is for qualifying Mass Save rebate customers that have fossil fuels, such as gas, propane, and oil. In 2024, Mass Save will be ending their rebates and financing for any fossil fuel home solutions.
In 2024 Mass Save Completely Phases Out Fossil Fuels
After August 2024, Mass Save will no longer offer incentives for high-efficiency fossil-fuel systems.
As part of this transition, Mass Save HEAT Loan applications for fuel systems must be approved by April 30th, 2024. System installations must then be completed by August 31st, 2024, to qualify for Mass Save incentives.
All Applications APPROVED by April 30th, 2024 and Installed by August 31st, 2024
Why Are They Removing Them Now?
For a number of years, the Mass Save program has provided varying incentive amounts for fuel boilers, furnaces, and water heaters. However, starting from the conclusion of 2024, Mass Save will discontinue offering incentives for fossil fuel systems. According to Mass Save, all fossil fuel equipment is required to be installed by August 31, 2024, and the rebate application must be submitted or postmarked by September 30, 2024, in order to qualify. Nevertheless, Mass Save will continue to provide incentives for applicable home weatherization and heat pump installations until the end of 2024 and likely beyond.
Let's Get Started!
CMS Plumbing, Heating, and Cooling prides ourselves on our passion to help customers get the best solution for their family. We also know that price plays a huge factor into your decision. CMS will discuss all your options, which one we recommend from a feature, functionality, and efficiency standpoint, and help you get the best rebate possible for that dream solution. That’s why so many families trust CMS with their home’s plumbing, heating, and cooling needs.
What Does This Mean For You?
If you’re considering upgrading your heating system to a more efficient fuel system, now is the ideal time to take advantage of the current Mass Save 0% financing and rebates. By doing so, you can ensure the longevity of your system and maximize your energy savings, especially if your current fuel system is 15 years or older and nearing the end of its lifespan. Don’t miss out on this valuable opportunity to enhance your home’s energy efficiency and save money before it’s no longer available.
Mass Save Boiler and Furnace Rebates
Mass Save offers rebates for qualifying fuel furnaces and boilers until the end of August 2024. High-efficiency gas furnaces, oil furnaces and high-efficiency gas boilers are eligible for Mass Save rebates of up to $1,500 – for now. See the current rebates below or visit the Mass Saves 2024 residential fossil fuel rebates page for additional information.
Upgrade your heating system to a more efficient fuel system now and seize the current Mass Save 0% financing and rebates. By taking this opportunity, you can guarantee the durability of your system and maximize your energy savings, particularly if your current fuel system is 15 years or older and nearing the end of its lifespan. Don’t pass up on this valuable chance to boost your home’s energy efficiency and save money before it’s no longer available.
Let's Get Started!
To qualify for Mass Save rebates, ensure that your fossil fuel system is fully installed by August 31, 2024. Remember, the rebate application must be submitted to Mass Save no later than September 30, 2024.
At CMS Plumbing and HVAC, we include all eligible Mass Save rebates in our formal system proposals, and we are here to assist you in navigating the Mass Save application process.
What Does This Mean For You?
If you’re considering upgrading your heating system to a more efficient fuel system, now is the ideal time to take advantage of the current Mass Save 0% financing and rebates. By doing so, you can ensure the longevity of your system and maximize your energy savings, especially if your current fuel system is 15 years or older and nearing the end of its lifespan. Don’t miss out on this valuable opportunity to enhance your home’s energy efficiency and save money before it’s no longer available.
2024 Mass Save HEAT Loans for Residential Furnaces and Boilers
The Mass Save HEAT Loan is a zero-interest, 7-year loan of up to $50,000. This loan can finance qualifying whole-home HVAC installations and any necessary weatherization. Homeowners looking to finance their whole-home fuel system installation with a Mass Save HEAT Loan must have loan approval by April 31, 2024.
What do you have to do before April 30th, 2024?
Confirm Eligibility:
- Be a resident of Massachusetts: The loan is only available to Massachusetts residents.
- Own and occupy a 1- to 4-family home: The program supports owner-occupied single-family homes, condominiums, townhomes, and 2-4 family homes.
- Complete a Home Energy Assessment: This free assessment, conducted by a Mass Save Energy Specialist, identifies areas where your home can be made more energy-efficient. The recommendations from this assessment will guide your loan application.
- Get A Quote from CMS: CMS Plumbing and HVAC is a licensed and insured certified Mass Save Partner. We meet the Mass Save standards for participating in the Heat Loan program.
- Meet income limits (optional): While there are no income limits to apply, income-eligible applicants may qualify for additional incentives and rebates.
Loan specifics:
- Loan amount: You can borrow between $2,000 and $50,000, depending on the project.
- Interest rate: The loan offers 0% interest.
- Loan term: You can choose a loan term of 12 to 84 months.
- Qualifying improvements: The loan can be used for a variety of energy-efficient upgrades, including:
- Insulation
- Air sealing
- High-efficiency heating and cooling systems
- Windows and doors
- Heat pumps
- Solar panels
- Home battery systems
Application process (Can Take Up to 1 Month):
- Schedule a Home Energy Assessment: You can do this by calling 866-527-7267 or visiting the Mass Save website. ( Typically 1-2 Weeks )
- Get quotes from CMS Plumbing & HVAC for the improvements you want to make. ( 1-2 days )
- Choose an option and submit for a loan application. ( 1-3 days )
- Provide any required documentation, such as proof of income and ownership to lender. ( 1 Week )
- Wait for a decision from the lender. ( About 1 Week)
* A Home Energy Assessment is required prior to installation to qualify for the HEAT loan and whole home rebates.
Let's Get Started!
TLDR;
The Mass Save Rebate program is ending for any fossil fuel (oil, gas, and propane) systems. For anyone looking to qualify for the Mass Save 0% interest for 7 years or their rebate program, you must fulfil all of their requirements and get approved before April 30th, 2024. This whole process can take up to 1 month to complete. The equipment must be installed by August 31st, 2024 and the rebate must be submitted by September 30th, 2024.
Contact CMS Plumbing & HVAC as soon as possible so we can get you the information for your application before the April deadline. We can review the steps with you, discuss all your options, and help you get the most out of your potential Mass Save Rebate.
Additional Resources for Mass Save Heat Loans
- Mass Save HEAT Loan website: https://www.masssave.com/residential/programs-and-services/financing
- HEAT Loan Lender Filter: https://www.masssave.com/residential/programs-and-services/financing/heat-loan-lender-list
- HEAT Loan Guide: https://www.masssave.com/residential/programs-and-services/financing
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