Mass Save Rebates Being Phased Out - April 30th Deadline

Massachusetts is getting serious about sustainability! Mass Save, the state's energy efficiency program, is phasing out rebates and financing for fossil fuel heating and water heating systems. This exciting move reflects the growing urgency to embrace cleaner energy sources and combat climate change.

Eligible natural gas, oil, and propane heating and water heating equipment must now be purchased and installed by August 31, 2024, with all necessary documentation submitted by September 30, 2024. Customers interested in applying for the 0% HEAT Loan for eligible natural gas, oil or propane equipment must request a HEAT Loan Authorization Letter by April 30, 2024. This marks a pivotal moment in Massachusetts' energy landscape, emphasizing the importance of timely action in embracing cleaner and more efficient technologies.

So, what does this mean for you?

Starting in 2024, Mass Save will no longer offer rebates and financing for fossil fuel home solutions. This means that if you're planning to upgrade to a more efficient heating system, now is the time to act. Mass Save will be phasing out these incentives completely by August 2024.

Important Dates to Remember

To take advantage of the current rebates and financing options, there are key dates you need to keep in mind:

April 30th, 2024: Deadline for Mass Save HEAT Loan applications for fuel systems.

August 31st, 2024: Deadline for completing system installations to qualify for Mass Save incentives.

Why Should You Act Now?

If your current fuel system is 15 years or older and nearing the end of its lifespan, upgrading now can offer significant benefits. By seizing the current Mass Save 0% financing and rebates, you not only enhance your home's energy efficiency but also save money in the long run.

Rebates Available Until August 2024

Until August 2024, Mass Save is still offering rebates for qualifying fuel furnaces and boilers. High-efficiency gas furnaces, oil furnaces, and high-efficiency gas boilers are eligible for rebates of up to $1,500.

For more information on available rebates, check out the Mass Save 2024 residential fossil fuel rebates page.

How to Qualify

Before April 30th, 2024, ensure you meet the following criteria:

• Be a resident of Massachusetts
• Own and occupy a 1- to 4-family home
• Complete a Home Energy Assessment conducted by a Mass Save Energy Specialist

Loan Specifics

If you qualify, you can borrow between $2,000 and $50,000 with a 0% interest rate. The loan term ranges from 12 to 84 months and can be used for various energy-efficient upgrades, including insulation, high-efficiency heating and cooling systems, solar panels, and more.

SCU Credit Union Can Help

For advice and help through the process, stop in at one of our branch locations or reach out to our member service call center at 781-784-7725 or toll free at 1-877-661-3300.

Don't Miss Out

Mass Save's decision to discontinue rebates and financing for fossil fuel-powered equipment underscores a pivotal shift towards a more sustainable future in Massachusetts. As the state prioritizes its climate policy and goals, it's evident that embracing cleaner energy alternatives is no longer just an option, but a necessity. With the deadline for qualifying purchases and installations approaching, there's never been a more crucial time to act. Seize the opportunity to upgrade to energy-efficient solutions, maximize your savings, and contribute to the collective effort in combating climate change.