HG&E’s Commercial Energy Conservation Program can provide businesses with the capital they need to make energy-saving improvements. This program provides financial assistance at 0% interest for the implementation of approved energy efficient measures that include, but are not limited to:
- Energy Star Lighting
- Variable Speed Motors
- Building Envelope/Weatherization
- Energy Efficient Windows
Financial assistance is available at 0% interest and repayable over a period of up to five years. Monthly payments are conveniently included on your electric bill. Please note that a one-time processing fee of $100 and other restrictions apply, and although businesses may request whatever amount they need for the proposed improvement, approval by the HG&E Commission is required to grant requests greater than $5,000.
Multi Family Investment Properties of five or more units which are owned by Holyoke residents are also offered zero-interest assistance through this program, up to a maximum of $20,000 ($2,500 maximum per unit).
In order to qualify for financial assistance through this program, an energy audit must have first been completed for that business. Additionally, your HG&E account must have a 12 month clear history and city taxes must be current. Learn how to set up an energy audit for your business.
Solar: This program also provides up to $10,000 of interest-free financial assistance that is repayable over a period of 10 years for commercial solar installations.