Solar & Battery Regulation & Incentive Programs

Mass Save - Financing for Business Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Massachusetts
Eligible Storage Technologies:
Lighting, Lighting Controls/Sensors, Compressed air, Motors, Motor VFDs, Custom/Others pending approval, Commercial Cooking Equipment
Website:
https://www.masssave.com/en/learn/business/the-mass-save-financing-for-business-program/
Maximum Loan:
$500,000
Loan Term:
Up to 7 years
Interest Rate:
0%
Administrator:
MassSAVE
Applicable Sectors:
Commercial, Industrial, Nonprofit, Multifamily Residential
Utility:
Massachusetts Electric Co, Western Massachusetts Elec Co, Unitil Energy Systems, Inc.
Last Updated:
01/02/2019

Summary

Business customers of Berkshire Gas, Cape Light Compact, Columbia Gas of Massachusetts, National Grid, Eversource, Unitil, and Liberty Utilities may be eligible for zero-interest loans from $5,000 to $500,000 to make energy efficiency improvements.  Efficiency improvements that may be eligible for financing under this program include:

  • High-efficiency lighting and controls
  • Motors/variable-frequency drives
  • HVAC
  • Commercial and industrial kitchen equipment
  • High-efficiency natural gas equipment
  • Custom measures

The local utility or energy efficiency provider prepays interest on the loan, resulting in zero interest for the customer. 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. 

For more information, find your program administrator and contact info here.