Holyoke Gas & Electric - Commercial Energy Conservation Loan Program

April 05, 2023

Summary

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 $10,000 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.

Please see the project-specific requirements for a list of eligible projects.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Massachusetts
Incentive Type: Loan Program
Web Site: https://hged.com/commercial/ee-business/cecp/default.aspx
Administrator: Holyoke Gas and Electric Department
Start Date:
Eligible Renewable/Other Technologies:
  • Solar Water Heat
  • Solar Photovoltaics
  • Water Heaters
  • Lighting
  • Furnaces
  • Boilers
  • Heat pumps
  • Air conditioners
  • Programmable Thermostats
  • Caulking/Weather-stripping
  • Duct/Air sealing
  • Building Insulation
  • Windows
  • Doors
  • Motors
  • LED Lighting
  • HVAC
  • Level-2 Electric Vehicle Service Equipment
Maximum Loan: Multi-Family Investment Properties: $20,000 ($5,000 maximum per unit)
Solar: $10,000
Loan Term: Projects under $2,000: Up to 36 months
Projects over $2,000: Up to 60 months
Interest Rate: 0%

Contact

Name: Business Liason
Organization: Holyoke Gas & Electric
Address: 99 Suffolk Street
Holyoke MA 01040
Phone: (413) 536-9319
Email: jjackowski@hged.com

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.