Can I Finance a New HVAC System?

The cost of ductless — or any other HVAC system for that matter — can be high. If your system needs an upgrade or you need a new one entirely, you may be nervous about how you’ll cover the upfront expense, especially if your system went out suddenly and replacement has become an emergency.

At N.E.T.R., Inc., we have multiple financing options available to help homeowners optimize their heating and cooling at an affordable rate. Here’s what to know about financing an HVAC system with us and how to get in touch so we can help you get started.

Buying a Wall-Mounted Air Conditioner

The Difference Between Financing and Rebates

Many homeowners get confused when talking about financing and HVAC rebates. Here’s a quick breakdown of what each of these terms mean:


Financing is a loan that pays for the cost of a new system upfront and allows homeowners to make payments over time. Financing programs typically charge a percentage of the loan as interest for the privilege of having a bank or other lender pay for the system first. How much interest is paid depends on the size of the loan, the homeowner’s credit score, and other key factors.


Rebates offer homeowners with money back on the purchase of their HVAC system. These are similar but not the same as tax credits, which are given by the federal government to incentivize energy-efficient heating and cooling upgrades. To get a rebate, buyers must complete a form and send proof of purchase to the organization offering the rebate.

Then, buyers will usually receive their rebate in the mail. Some HVAC contractors like N.E.T.R., Inc. file rebate paperwork for you and subtract the amount you will get from the upfront cost of your system. This makes it even easier for homeowners to upgrade or replace their equipment.

Because financing, rebates, and tax credits are all different, they can be used simultaneously to help homeowners save even more money on their new systems.

The Benefits of Financing an HVAC System

There are multiple benefits of financing a heating and cooling system, but the opportunity to pay-as-you-go is usually what attracts most homeowners on a budget. Plus, home improvement loans often have lower interest rates and more flexible terms than other financing options.

Even if you have the money to purchase new equipment, financing gives you the opportunity to use those funds somewhere else. Managing your monthly budget can also be easier when you finance instead of buying with cash. Additionally, if the institution you choose offers credit reporting, on-time payments can help improve your credit score.

Choosing the Right Financing Program

Determining which financing program is right for you depends on several factors, like:

  • How large your new system needs to be
  • What kind of equipment you’re investing in
  • How much money you want to pay per month
  • Your credit score and repayment history
  • Your preferred repayment terms
  • What current market interest rates are

HVAC loans can range between a few thousand dollars to more than $10,000 for large, multi-zone systems.

How to Apply for HVAC Financing with N.E.T.R., Inc.

N.E.T.R., Inc. offers several financing options for homeowners who are making upgrades to their heating and cooling systems, like:

  • Mass Save Heat Loans. In addition to rebates, the Mass Save collaborative offers interest-free loans of up to $25,000 for 7 years on qualifying high-efficiency equipment to both Eversource and National Grid customers.
  • Synchrony Financing. Synchrony Financial offers 0% interest for 24 months for customers who invest in approved Mitsubishi Electric HVAC equipment, subject to credit approval. 
  • GreenSky Financing. GreenSky offers a credit line for HVAC upgrades and repairs, with 0% interest if paid in full within 12 to 18 months. Repayment terms of up to 120 months are available at a 9.99% interest rate, subject to credit approval.

Learn more about our pay-as-you-go programs here.

Ready for an Upgrade? We Can Help

If you’re dealing with heating and cooling problems, poor indoor air quality, and other issues related to a failing HVAC system, N.E.T.R., Inc. is here to help. We can assist you with finding the right financing program and getting access to rebates so your upgrade is as affordable as possible for your family.

Contact us today by calling (781) 757-5734 to see how we can help you finance a new HVAC system or to learn more about which options might work best for you.