Financial Incentives

We make energy-efficiency upgrades affordable by helping customers take advantage of utility and government incentives and financing.

Depending on the location of your home or business, financial incentives that promote investment in energy-efficient technologies and services may include copayments, discounts, rebates, grants, loans, or tax credits/deductions.

Incentives offered through state government agencies and utilities are often funded through a public or system "benefits charge" that appears on all utility customers' energy bills. This money goes into a trust fund, which is administered by the utility company, a government agency, or a third party to provide copayments, lump-sum payment discounts, or other incentives for customers to make energy improvements.

Some financing programs provide eligible utility customers with no-interest or low-interest loans for energy-efficiency investments. Examples include the Mass Save® HEAT Loan Program and Financing for Business Program and the Rhode Island 0% Financing Program.

On-bill repayment allows eligible customers to invest in energy improvements for their home or business and repay the funds through additional charges on their utility bills. When actual energy savings offset or exceed the monthly payment, the customer may quickly break even or realize positive cash flow.

While financial incentives vary across states and programs, generally they can defray up to 50% of total energy-efficiency project costs for big energy users such as large commercial or industrial concerns, from  75% - 100% for smaller energy users such as homeowners or small businesses, and up to 100% for instant energy-saving measures, domestic-hot-water efficiency measures, special promotions or pilot programs, and certain nonprofit and public-sector initiatives.