MassSAVE - Financing for Business Program (Massachusetts)
Last modified on February 12, 2015.
Financial Incentive Program
|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|
|Energy Category||Energy Efficiency Incentive Programs|
|Maximum Incentive|| $100,000
|Terms|| Rate: Prime plus 100 basis points (6.25% floor)|
Repayment: Up to 7 years
|References||Database of State Incentives for Renewables and Efficiency (DSIRE)|
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.
|Contact Name||HEAT Loan Program|
|Phone|| (866) 527-7283
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.
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