| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Massachusetts |
| Incentive Type: | Loan Program |
| Web Site: | http://www.hged.com/customers/save-energy-money/for-business/commercial-energy-conservation/default.aspx |
| Administrator: | Holyoke Gas and Electric Department |
| Utilities: | Holyoke City of |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Solar Photovoltaics |
| Eligible Efficiency Technologies: | Equipment Insulation, Water Heaters, Lighting, Furnaces, Boilers, Heat pumps, Air conditioners, Programmable Thermostats, Building Insulation, Windows, Doors, Processing and Manufacturing Equipment, Other EE, Insulation |
| Maximum Loan: | Multi-Family Investment Properties: $20,000 ($2,500 maximum per unit) Solar: $10,000 |
| Loan Term: | General: Up to 5 years Solar: Up to 10 years |
| 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 $5,000 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.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
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