Rebates & Incentives for your Home
Residential Energy Conservation 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 and Heating & Cooling
Rebates available for qualifying appliances, central air conditioners, heat pumps/mini-splits, and weatherization projects including insulation and air sealing.
Heat Pump and Mini-Split Incentives and Educational Resources
A variety of incentives are available for heat pumps and mini-splits, including rebates and incentives available through HG&E as well as other organizations. We also have educational resources available to help you understand this technology, find an installer, and more.
Electric Vehicle Charger Program
Receive an on-going $10/month bill credit & free level 2 charger (or $450 bill credit for an existing charger) in exchange for charging only between the hours of 9 pm - 7 am on weekdays (and anytime on weekends).
Connected Homes Smart Device Monthly Incentives
Receive a $5-$8/month incentive for allowing HG&E to remotely adjust the temperature of your smart thermostat, water heater or heat pump controller a few times each month.
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.
Additional Non-HG&E Programs and Resources
MassCEC is offering grants of up to $30,000 to homeowners who are committed to decarbonizing their homes. Eligible projects include weatherization, installing heat pumps, electric hot water heaters and appliances, electric vehicle purchases, etc. Priority will be given to applicants who intend to install whole home heat pump systems and who intend to fully decarbonize their home. First Application Deadline: July 31, 2022. Second application window opens in fall 2022.
Low-Income Weatherization Assistance Program
An average of $4,500 in funds available for full-scale home energy efficiency services including insulation and air sealing for quualifying low-income homeowners and tenants.
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.
Mitsubishi Muni Heat Pump Discount
Receive a $300-$600 discount off the purchase of a qualifying heat pump or mini-split installed by a Mitsubishi Diamond Contractor
Various local and regional programs available for qualifying low-income households to assist with heating costs.
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.
Heating System Repair and Replacement Program
This program, offered by the Valley Opportunity Council, assists low-income homeowners who have no heat or unsafe heating conditions by providing emergency heating system repair and replacement services.
The Triple-Decker Retrofit Program, offered by the Massachusetts Clean Energy Center, provides grants of up to $160,000 to the owners of 3-story multi-family buildings for completing projects to fully electrify their building such as installing air source heat pumps or minisplits, electric domestic hot water heaters and appliances. Applications will be accepted on a rolling basis until all funding is awarded.
The Inflation Reduction Act, signed into law in August 2022, is anticipated to provide increased rebates and tax credits for various home energy efficiency projects beginning in 2023!
Tax Credits:
• Increased tax credits will be available for various energy efficiency projects including heat pumps, rooftop solar, electric vehicles, weatherization, and various other home energy efficiency and electrification projects.
Rebates that will be available will include the following:
• Rebates Available through the High–Efficiency Electric Home Rebate (HEEHRA) Program*:
• Up to $840 for a stove, cooktop, range, oven, or heat pump clothes dryer
• Up to $1,750 for a heat pump water heater
• Up to $8,000 for a heat pump for space heating or cooling
• Up to $1,600 for insulation, air sealing, and ventilation
• Up to $2,500 for electric wiring
• Up to $4,000 for an electric service panel upgrade
* Households with income below 80% of the median area income are eligible for a full rebate outlined above (capped at $14,000 for total all measures). Those with income that falls between 80% and 150% of the area median income are eligible for rebates of up to 50% of their costs (subject to the $14,000 cap).
• Rebates Available through the Whole Home Energy Reduction Rebates (HOMES) Program:
• Up to $8,000 for energy upgrades in single-family homes and up to $400,000 for multifamily buildings (Overall savings depend on energy reduction and household income level. Rebates received trough this program cannot be combined with rebates received through the HEEHRA Program).
The application process and eligibility requirements are still unclear and it is recommended that you review this whitehouse.gov webpage for more information, and to sign up for updates. You can also click here for a calculator available on rewiringamerica.org to see how much you can get back in rebates and incentives based on your zip code and household income.
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.
Additional HG&E Programs and incentives
Our prompt payment discount offers a 10% reduction for customers who pay their bill within 15 days of receipt.
Our First Time Homebuyer Program offers a 10% bill discount to new homeowners in Holyoke.