ReBuild Western Massachusetts Loan Program (Massachusetts)
Summary
Last modified on February 12, 2015.
Financial Incentive Program
| Place | Massachusetts
|
|---|---|
| Name | ReBuild Western Massachusetts Loan Program (Massachusetts) |
| Incentive Type | State Loan Program |
| Applicable Sector | Low-Income Residential, Residential |
| Eligible Technologies | Boilers, Building Insulation, Central Air conditioners, Chillers, Comprehensive Measures/Whole Building, Doors, Furnaces, Heat pumps, Water Heaters, Windows, Room Air Conditioners, Solar Water Heat, Tankless Water Heaters, Heat Pump Water Heaters |
| Active Incentive | No |
| Incentive Inactive Date | 2012-11-29 |
| Implementing Sector | State/Territory |
| Energy Category | Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
|
| Start Date | 08/2011
|
| Funding Source | American Recovery and Reinvestment Act (ARRA) and Compliance Year 2010 ACP (RPS)
|
| Maximum Incentive | $100,000
|
| Program Budget | $8,000,000
|
| Terms | Zero-interest loan, up to 15 years |
| Program Administrator | Green Communities Program of Department of Energy Resources |
| Website | http://www.mass.gov/eea/energy-utilities-clean-tech/energy-efficiency/rebuild-western-massachusetts.html
|
| Incentive Source | The given value was not understood.
|
Summary
NOTE: The below information is for reference only; this program is no longer available.
Massachusetts communities Brimfield, Monson, Southbridget, Springfield, Sturbridge, and Western Springfield were devastated by tornadoes on June 1, 2011. In an effort to help tornado victims rebuild using energy efficient technologies and practices, the Department of Energy Resources developed an $8 million program. Both grants and zero-interest loans are available. The grants will be available through the end of April 2012, while loans will be available through the end of 2012.
Homeowners interested in a loan for a rebuild or major renovation ("gut" renovations) will have to work with a Home Energy Rating System (HERS) company throughout the project reconstruction planning and implementation. Homes that achieve better HERS scores are eligible for larger loans. In addition, rebuilds (new homes) are required to meet Massachusetts base energy code. Under any scenario, the homeowner will have to contact program administrators to pre-qualify and to get a list of participating lenders.
Incentive Contact
| Contact Name | Rebuild Massachusetts Program Information
|
|---|---|
| Place | MA |
| Phone | (877) 524-1325
|
| rebuildwma@icfi.com | |
| Website | http://www.mass.gov/eea/energy-utilities-clean-tech/energy-efficiency/rebuild-western-massachusetts.html |
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]
References