Mike Cappuccio talks about rebates and financing options that are typically available to homeowners through state-run energy agencies and ductless installers.
I’m Mike Cappuccio, founder of N.E.T.R., and today I’m here to talk to you about rebates and financing for heat pumps for your home.
So, a lot of people ask me about this topic, “How do I go about doing rebates? How do I go about doing financing in different ways?” So, if you are considering a heat pump for your home and you don’t think you can afford this, this is something that you need to talk to an installer like us about, because we can help guide you through this process, because we know these programs, we work with these programs every day.
When we look at rebates, rebates are coming from all different angles right now. We’ve got Mass Save out there who’s got a very aggressive program for anything from installing a new system to changing out a system. We’ve got multiple municipal electric companies now in the towns where Mass Save was never available that are jumping onboard with multiple rebate programs. I’ve seen probably at least 20 to 30 municipal communities now that have come onboard with the rebate processes where they never had that before.
The next thing is the Mass CEC is involved now in the heat pump program as well. If you’re looking to replace an existing system in your home and remove a natural gas or oil system from your home, there are certain rebates through those programs.
And then, when we get into the financing options. Mass Save now has a 0% for seven years. We work with this very closely through the PATH Program that we’re involved in with N.E.T.R., where we can help you with these particular financing options. We’ve worked with multiple different banks on how to get these funds to you. But it’s a 0% for seven years for the heating system.
So again, if you think that you can’t afford this system, you definitely need to reach out and let us help and guide the way to show you all of these different options in rebates and financing.
[Disclaimer: Rebates and financing options change, and vary from state-to-state. Check with N.E.T.R. or your local installer to see what’s available now in your community.]