| Implementing Sector | Utility |
|---|---|
| Category | Financial Incentive |
| State | Massachusetts |
| Incentive Type | Loan Program |
| Web Site | Holyoke Gas and Electric Department Loan Program |
| Administrator | Holyoke Gas and Electric Department |
| Utilities | Holyoke City of |
| Eligible Renewable/Other Technologies | Solar Water Heat, Solar Photovoltaics |
| Eligible Efficiency Technologies | Water Heaters, Lighting, Furnaces, Boilers, Heat pumps, Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Motors, LED Lighting, HVAC |
| Eligible Electric Vehicle Technologies | Level-2 Electric Vehicle Service Equipment |
| Applicable Sectors | Commercial, Industrial, Federal Government, Multifamily Residential |
| Maximum Loan |
|
| Loan Term |
|
| Interest Rate | 0% |
Holyoke Gas & Electric’s Commercial Energy Conservation Program offers zero interest loans to its commercial customers who are making energy efficiency improvements to facilities. The applicant must obtain cost estimates from contractors before turning in the application. The payback period of the loan is flexible depending on the amount of assistance requested, but cannot exceed five years. Monthly payments are included on the customer’s electric bill. All assistance requests greater than $10,000 require approval by the Holyoke Gas & Electric Commission.
Eligible measures include (but are not limited to): lighting improvements; installation or upgrading of gas fired boilers, furnaces, conversion burners, water heaters, and central air conditioning systems; weatherization upgrades; and solar photovoltaic or solar hot water installations. Participating facilities must receive gas or electric service from Holyoke Gas & Electric in order to qualify. More information on terms and eligible measures is located on the program application.
Please see the project-specific requirements for a list of eligible projects.
