Answer
May 05, 2020 - 04:09 AM
There are both state and federal incentives for energy improvements in homes. Some of these incentives change from year to year so you must check what is available at the time of your planner improvements. Others, such as the state sponsored MassSave, have been around for decades and have become more generous over the years. MassSave offer the following incentives:
During the home energy assessment the inspector replaces most of your incandescent and compact fluorescent light bulbs with LED light bulbs, installs smart power strips, programmable thermostats etc. at no cost to you.
It covers 75% of the cost of insulation upgrades in single family homes and 90% in two family houses (when both units perform the improvements). It also provides a no-cost air sealing, and a 0% loan program for financing HVAC and energy efficiency measures.
There are federal income tax credits and state rebates for purchases of electric cars, replacement of existing heating and air conditioning units with more energy efficient units, roof solar installations, solar and heat pump water heaters, geothermal heat pumps, energy efficient windows, and others. https://www.irs.gov/newsroom/energy-incentives-for-individuals-residential-property-updated-questions-and-answers
