Rebates & Incentives for Landlords of Multi-Family Buildings
HG&E's REAP & CEAP Energy Assistance Programs
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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.
- See the REAP program for more information if your building has 4 units or less.
- See the CEAP program for more information if your building has 5 or more units.
Rebates for Appliances, Weatherization, Electric Lawn Equipment & Heating and Cooling
Rebates available for qualifying appliances, central air conditioners, heat pumps/mini-splits, electric lawn equipment and weatherization projects including insulation and air sealing. Please review the specific eligiblilty requirements, terms and conditions of each program that you are interested in pursuing.
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Heat Pump & Mini-Split Incentives and Educational Resources
A variety of rebates and incentives are available for heat pumps and mini-splits, and HG&E has educational resources to help you learn about the technology.
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Free Home Energy Audits
Get a free customized assessment of your multi-family home to help determine the most cost-effective ways to reduce your, and your tenants' energy bills. To arrange for an energy audit at no cost to you, you can either submit this online form or you can contact our energy services partner, NextZero, at 1-888-333-7525. They will work with you to schedule the energy audit, which is conducted through the Center for EcoTechnology (CET).
Water Heater Education Webpage
Learn more about various types of common residential water heaters available including a water heater cost comparison chart and calculator.
ADDITIONAL NON-HG&E PROGRAMS & RESOURCES
Low-Income Weatherization Assistance Program (WAP)
This program, administered by Springfield Partners for Community Action (413-263-6500), is available for homeowners or tenants and provides 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 home energy audits, and a free heating system test to make sure the system is working properly (If a heating system repair is needed, this can potentially be covered through the HeartWAP program). The amount of funding available depends on the home’s needs (no min/no max). Must be on fuel assistance to qualify.
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Home Efficiency Rebates ("HER") Program
The Inflation Reduction Act, which was signed into law in August 2022, includes new rebates through the Home Efficiency Rebates ("HER") program for qualifying energy efficiency upgrades such as space-heating and weatherization in 1-4 family homes. Upgrades must be predicted to save at least 20% of the home’s energy use. The most recent update we have (as of September 18th) is that the DOER has released the RFP for administrator of the HER funding on 9/12/25. The application process and eligibility requirements are still unclear.
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.
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Low-Interest Financing
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.
Energy Savings Finder
The Energy Savings Finder tool provides information on HG&E incentives as well as tax credits, state rebates, and additional non-HG&E incentives available to help you reduce your energy use.
Visit the Energy Savings Finder
Get a Free Tree Planted on Your Property Through the "Greening the Gateway Cities" Program!
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.
Alternative Energy Certificates
The Massachusetts Department of Energy Resources provides the owners of qualifying whole-home 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, for a fee. Here is a link to a list of aggregators located on the DOER program webpage. You can use this APS Renewable Thermal AEC Calculator provided by the DOER to estimate the value of this incentive. Based on conversations with various aggregators in April 2025, the estimated value per AEC was approx. $3. Please reach out to an aggregator for more information, eligibility requirements, and estimates on the value of this incentive.
Energy Saver Home Loan Program
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, potentially including knob and tube wiring removal and also asbestos remediation. Click here for the full list of eligible 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).
Heating System Repair & Replacement Program (HeartWAP)
This program is offered through the Valley Opportunity Council in Holyoke (413-552-1548) and helps low-income homeowners who have no heat or unsafe heating conditions by providing free heating system repair and replacement services. If sufficient funds are available after the heating season, HEARTWAP will complete maintenance work (clean and tunes) and replace heating systems that are in poor condition and not worth repairing. Funds are also available for asbestos abatement only as needed to enable heating system repairs or replacements to be completed safely.
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