Rebates & Incentives for your Home
Residential Energy Assistance Program
Financial assistance at 0% interest for various projects including heat pumps/mini-splits, gas furnaces and boilers, central ACs, water heaters, weatherization, EV charging infrastructure and solar PV.
Rebates for Appliances, Weatherization, Electric Lawn Equipment and Heating & Cooling
Rebates available for qualifying appliances, central air conditioners, heat pumps/mini-splits, electric lawn equipment and weatherization projects including insulation and air sealing.
Heat Pump and Mini-Split Incentives and Educational Resources
A variety of rebates and incentives are available for heat pumps and mini-splits, including rebates and incentives available through HG&E as well as other organizations. Click here for our air source heat pump education webpage which includes information on how they work, advantages of heat pumps, how much it costs to heat with a heat pump, and more.
Connected Homes Smart Device Monthly Incentives
Receive a $5-$30/month incentive for allowing HG&E to remotely adjust your smart device a few times each month. (Available for qualifying thermostats, water heaters, heat pump controllers and home battery storage systems.)
Help us keep costs and carbon emissions down by signing up to receive alerts when demand for energy is highest.
Get a free customized assessment of your home to help determine the most cost-effective ways to reduce your energy bills.
Learn more about how installing your own renewable energy system works in HG&E’s service territory as well as available incentives.
Visit our Energy Conservation Tips webpage for ideas on ways you can reduce your energy use.
Tesla Powerwall Demand Response Program
Receive a $1,000 rebate for your Tesla Powerwall and monthly incentive of $6/kW based on the amount of electricity your battery dispatches onto the grid during electric peaks when you enroll in this program.
Additional Non-HG&E Programs and Resources
Various local and regional programs available for qualifying low-income households to assist with heating costs.
- Free home energy audit
- Available for homeowners or tenants
- Free weatherization work including:
- Insulation
- Air sealing
- Replacement windows (current windows must be single-pane to qualify)
- Weatherstripping
- Asbestos abatement
- Knob-and-tube wiring removal
- Free heating system test to make sure it is working properly (If a heating system repair is needed, this can potentially be covered through the HeartWAP program.
Rental Neighborhood Improvement Program
This program is offered through OneHolyoke CDC and provides low-interest loans of up to $21,000/unit available for multi-family rental properties with low-income tenants for various building improvements.
Heating System Repair and Replacement Program (HeartWAP)
This program, called HeartWAP, is offered by the Valley Opportunity Council and assists low-income homeowners who have no heat or unsafe heating conditions by providing free heating system repair and replacement services.
Increased tax credits are available for various energy efficiency projects including heat pumps, rooftop solar, electric vehicles, weatherization, and various other home energy efficiency and electrification projects. Visit the Massachusetts Energy Savings Finder for more information on available tax credits. Note: tax credits are ending at the end of 2025.
The Inflation Reduction Act, signed into law in August 2022, is designed to provide increased rebates for various home energy efficiency projects through the Home Efficiency Rebates ("HER") program. Rebates are anticipated to become available in 2025. The most recent update we have (as of July 29th) is that the DOER indicated that they will be releasing the RFP for administrator of the HER heat pump funding in a month or so. The application process and eligibility requirements are still unclear.
Potential/pending rebates available through the Home Efficiency Rebates (HER) Program:
• Up to $8,000 for space-heating, weatherization and other energy efficiency upgrades in 1-4 family homes. Upgrades must be predicted to save at least 20% of the home’s energy use.
| Income Level | Energy Savings >20% | Energy Savings >35% |
| Household with income >80% Area Median income | $2,000 | $4,000 |
| Household with income <80% of Area Median Income | $4,000 | $8,000 |
Retroactivity: With respect to retroactivity, while this may be possible, the requirements are stringent and they all must be met at the time of the project so that the retroactive rebate can be claimed if/when the launch is approved. Click here for a fact sheet from DOE for more information (please refer to the requirements for modeled path).
Various companies offer low-interest financing options to help with energy efficiency projects such as heat pump installations. For example, People's Bank offers an Energy Efficiency Home Equity Loan with a lower interest rate available for energy efficiency projects. Mitsubishi Diamond Contractors also offer a Mitsubishi Synchrony Financing option.
Alternative Energy Certificates
The Department of Energy Resources (DOER) provides the owners of qualifying alternative energy systems, including whole-home air source heat pumps, ground source heat pumps, solar hot water heaters and woody biomass (wood pellet and wood chip) systems with Alternative Energy Certificates (AECs), which can be sold to receive a financial incentive. The DOER encourages system owners to work with Aggregators who can submit your application and sell your AECs on your behalf. Please reach out to an aggregator for more information and the eligibility requirements. Here is a link to a list of aggregators located on the program webpage.
Residents and business owners can order free trees to be planted on their properties in Holyoke as well as in other Gateway Cities across Massachusetts. Because trees create shade, they can reduce the amount of energy needed to cool your home or business! They can also provide air filtration, increase property values, reduce noise and increase animal habitats. Click here to request your free tree!
Low interest (0.5%-2%) second mortgage loans are available for $10,000-$100,000 for 1-4 family houses in Massachusetts through the Energy Saver Home Loan Program to assist with a variety of energy saving home improvements. To receive financing through the program, home improvements must reduce total energy usage by at least 20%. 1/3 of project costs are provided to the customer and contractor at the start of project and remaining amount is provided after an inspection is completed. Contact the Center for EcoTechnology for more information (Phone: 413-303-0667, Email: energysaver@cetonline.org)
Additional HG&E Programs and incentives
Our First Time Homebuyer Program offers a 10% bill discount to new homeowners in Holyoke.
Our prompt payment discount offers a 10% reduction for customers who pay their bill within 15 days of receipt.