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Mass Save® Program Ends Gas and Oil Incentives For Good in 2024

Mass Save is ending all rebates and financing programs for oil and gas heating system installations. In 2024, Mass Save will only qualify electric heating systems.

The Mass Save® Heating Program is ending its 0% loan and rebates on fossil fuels in 2024.

But first, what is Mass Save?

Mass Save is the sponsored program that allows qualifying Massachusetts homeowners to get a 0% loan and up to $10,000 in rebates when upgrading their heating, A/C, or hot water systems. And no, it’s not too good to be true. The program is changing the HVAC and plumbing industry dramatically in 2024.

What are the changes happening to Mass Save in 2024?

This year, Mass Save has the biggest changes to the Mass Save program yet. The big change to Mass Save in 2024 for HVAC is that homeowners will only be able to get the 0% loan and rebates on electric heating systems and heat pumps and will no longer qualify heating system installations fueled by natural gas, propane, or oil-fueled systems. This is in an effort to end the use of fossil fuels in heating.

Is everyone in Massachusetts installing electric heat pumps now?

The team at 128 is seeing a huge shift from Massachusetts homeowners asking for oil and gas heating installations to now electric heat pumps. 128 Plumbing, Heating, Cooling & Electric helps thousands of homeowners get a 0% loan and rebates every year. Customers are now asking for heat pumps instead of gas furnaces and oil boilers to save energy, reduce fossil fuels, and get the Mass Save loan and rebates and federal tax credits. One reason why customers call 128 is because we specialize and facilitate getting the loan and rebates for them and have an entire team dedicated just to getting customers Mass Save loans and rebates.

Book Your Free Heat Pump Consultation Now Here

How do I know if I can get the Mass Save loan and rebates?

If you pay your monthly electric bill to National Grid or Eversource, you might be able to get a 0% loan and up to $10,000 in rebates. These are sponsors of the Mass Save program. If you pay your town’s municipality for your electric bill instead, such as in Wakefield, MA, there may be other town-specific rebate programs and loans available to finance your HVAC installation. Our team at 128 is well-equipped and knowledgeable to help in every North shore, Greater Boston, and Merrimack Valley town. You may also qualify for a federal tax credit from installing an HVAC system that’s energy efficient. Call 128 and we’d love to walk you through getting the Mass Save 0% loan and rebates and tax credits.

What is the HVAC federal tax credit?

The Inflation Reduction Act (IRA) has expanded and extended tax credit 25C for energy efficiency home improvement. Homeowners can claim up to $2,000 for a heat pump installation or heat pump water heater. They can also claim up to an additional $1,200 for the following weatherization and energy-efficient improvements:

  • $150 for a home energy audit
  • $250 for a new exterior door ($500 total for all exterior doors)
  • $600 for new exterior windows and skylights
  • $1,200 for insulation
  • $600 for an upgraded electrical panel

Consult with an HVAC professional, like 128 Plumbing, Heating, Cooling & Electric, to make sure you are installing ENERGY STAR certified equipment that may qualify for these third party rebates, loan, and tax credits.

Why are Massachusetts homeowners installing electric heat pumps in 2024?

Massachusetts homeowners are installing electric heat pumps because they tend to use less energy than fossil fuels like gas and oil do, and can get approved for the Mass Save 0% loan and up to $10,000 in rebates.

Mass Save seems too good to be true. Why do they give out $10,000 in rebates and a 0% loan to Massachusetts homeowners?

If you are a homeowner that pays National Grid or Eversource for your electric bill, you might be able to qualify for Mass Save. The Mass Save program’s website states that the sponsors “offer incentives on energy-efficient products—allowing homeowners and renters to live better while saving on energy costs.”

Can I get a gas or oil fueled heating system installed in 2024 with the Mass Save program?

No, you won’t be able to throughout all of 2024. The Mass Save program states that “Fossil fuel equipment must be installed by August 31, 2024 and the rebate application submitted/postmarked no later than September 30, 2024 to be eligible. Rebate not to exceed purchase price. Limit one (1) boiler rebate, two (2) furnace rebates.” This means that you should set up your consultation with a Mass Save Heat Pump Installer now, like 128 Plumbing, Heating, Cooling & Electric.

Is 128 Plumbing, Heating, Cooling & Electric a Mass Save Partner?

128 Plumbing, Heating, Cooling & Electric is a listed Heat Pump Installer with the Mass Save program. The company has a dedicated in-house team just for getting customers the Mass Save loan and rebates.

Book below for a free consultation on your heating & A/C and take advantage of the energy-efficiency programs that are out there!

Book Your Free HVAC Consultation Now Here

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