Lower your cost of new heating and cooling equipment with rebates and financing options.
Many energy providers, state governments, and equipment manufacturers are offering rebates to offset the costs of high-efficiency heating and cooling systems. These incentives help homeowners make energy-efficient upgrades to their homes so they can control their indoor temperatures more sustainably.
In general, the higher the efficiency of a new furnace, air conditioner, ductless system, or heat pump, the more you save.
When rebates from Mass Save® are combine with those from participating manufacturers, such as Carrier®, you can save up to one-fifth of the project cost, including installation.
Not only will your energy bills decrease significantly, but your overall year-round comfort will improve drastically.
Here are some current rebate incentives:
Mass Save®Rebates
When you purchase an air conditioning system or heat pump that is Energy Star rated, you may be eligible for these rebates and incentives available from Mass Save.
Heat Pump Rebates:
Limit one (1) whole-house heat pump rebate per home. Rebate not to exceed total install cost.
Rebate Amount | Income Qualified Rebate Amount | |
Enhanced Amount (Moderate Income) |
Income Eligible Amount | |
$10,000 per home | $16,000 per home | 100% of total install cost when delivered through MA Community Action Program (CAP) agencies |
Residential heat pump equipment must be installed by a contractor participating in the Heat Pump Installer Network. Rebates may vary based on planned use and income verification. CPS is proud to be a Mass Save Heat Pump Installer Partner.
Heat pump rebates valid through December 31, 2024
Boilers and Furnace Rebates:
Fuel Type | Rebate Amount | Income Qualified Rebate Amounts | |
Enhanced Amount (Moderate Income) |
Income Eligible Amount | ||
Natural Gas Rebates | Up to $1,500/unit | Up to $7,300/unit | 100% of total install cost when delivered through MA Community Action Program (CAP) agencies |
Oil Rebates | Up to $400/unit | Up to $3,400/unit | |
Propane Rebates | Up to $1,500/unit | Up to $3,400/unit |
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 total install cost. Limit one (1) boiler rebate, two (2) furnace rebates.
Thermostat Equipment Rebates:
Up to $100 rebate per unit for smart thermostats (limit 3 per account)
Up to $25 rebate per unit for programmable thermostats (limit 3 per account)
Up to $500 rebate per unit for an integrated control installation on an existing air source heat pump (limit 3 per account)
Thermostat rebates are valid through December 31, 2024
Income Qualifications for Mass Save Income-Based Programs
Number of Household Members | Annual Household Income 2023 – 2024 Heating Season |
|
Income Eligible Program | Enhanced Residential Program | |
1 | < $45,392 | $45,393 – $60,523 |
2 | < $59,359 | $59,360 – $79,146 |
3 | < $73,326 | $73,327 – $97,768 |
4 | < $87,294 | $87,295 – $116,392 |
5 | < $101,261 | $101,262 – $135,015 |
6 | < $115,228 | $115,229 – $153,638 |
7 | < $117,846 | $117,847 – $157,128 |
8 | < $120,465 | $120,466 – $160,620 |
Learn more about Mass Save Programs.
Carrier New England A/C Upgrade Program
For qualifying Carrier furnaces with the installation of a new or replacement Carrier air conditioning unit
Efficient A/C or heat pump | up to $350 rebate |
More efficient A/C or heat pump | up to $450 rebate |
Most efficient A/C or heat pump | up to $600 rebate |
Inverter heat pump system | $1,200 rebate |
Greenspeed hybrid heat pump system | up to $1,400 rebate |
Limited-time offer: ask us for details.
Massachusetts “HEAT” Loans
The residential HEAT Loan Program provides 0% loans from participating lenders to assist with qualified energy-efficient improvements in residential homes.
Loans are available up to $25,000 with terms up to 7 years (depending on the loan type).
Limited time offer: ask us for details.
Rebates can be difficult to navigate but your CPS Heating & Cooling consultant can help you identify the best rebate offers and we will even handle much of the paperwork for you. Contact us today.
Please note: We do our best to keep our web pages up to date with the latest offerings from Mass Save and other agencies offering heating and cooling incentive programs. We are not responsible for outdated information that may appear on this website. We verify rebate offerings when a job is contracted, and make you aware of any time-sensitive information.