Rebates
Lower your cost of new heating and cooling equipment
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
Federal Inflation Reduction Act of 2022
With prices rising, the government has instated legislation that offers tax credits to homeowners equal to 30% of HVAC installation costs up to $1,200 ($2,000 for heat pumps). Additionally, there are tax credits and rebates that may be available for the following energy-efficient units:
Air Conditioners: Up to $600 tax credit*
Heat Pumps: Up to $2,000 tax credit*
Gas Furnaces and Boilers: Up to $600 tax credit*
Advanced Main Air Circulating Fan (using no more than 2% of furnace’s total energy): Up to $50 tax credit
Electric Heat Pumps: Up to $8,000 in rebates
ENERGY STAR® Geothermal Heat Pumps: 30% of installation cost tax credit
* Products must be in the highest CEE tier (efficiency ratings)
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.
Mass Save requires that each home have an energy audit in order to qualify for those rebates, consider contacting Able Construction for a no-cost Mass Save Energy Assessment.
For more information, visit MassSave.com/HeatPump.