Mass Save - Financing for Business Program

July 19, 2023

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.

Program Overview

Implementing Sector:	Utility
Category:	Financial Incentive
State:	Massachusetts
Incentive Type:	Loan Program
Web Site:	https://www.masssave.com/en/learn/business/the-mass-save-financing-for-business-program/
Administrator:	MassSAVE
Start Date:
Eligible Renewable/Other Technologies:	Lighting Lighting Controls/Sensors Compressed air Motors Motor VFDs Custom/Others pending approval Commercial Cooking Equipment
Maximum Loan:	$500,000
Loan Term:	Up to 7 years
Interest Rate:	0%

Contact

Name:	Program Administrator
Address:	MA
Phone:	(844) 887-1400

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.