Reduce your carbon footprint while making improvements to your home
The Energy Saver Home Loan Program (ESHLP) helps eligible Massachusetts homeowners cut their energy use and reduce or eliminate their reliance on fossil fuels. The ESHLP provides eligible homeowners with the following benefits:
- Low interest rate, second mortgage loans that support a variety of energy-related home improvements
- Financing at your project's start. No cash down, no waiting for rebates or incentive payments
- Free end-to-end support through all aspects of the home improvement process, loan closing and post-construction
- Identification and coordination of all available incentives, rebates and other credits
How the ESHLP Works
Interested in financing energy-efficient improvements to your home through the ESHLP? Here’s how it works:
- You contact the Concierge Service Provider (CSP) for your community, who determines your eligibility and connects you with an Energy Service Provider (ESP).
- The ESP conducts a free assessment of your home, works with you to create a plan to reduce your energy usage by at least 20%, and helps you identify all available rebates, incentives and tax credits.
- You engage with a network of pre-approved contractors to obtain quotes for your project. The ESP helps you review quotes and prepare a project budget and schedule.
- The CSP helps you find a lender that serves your area and prepare to apply for the loan.
- Once your loan has been approved and closed, you make your monthly payments to MassHousing, who manages the disbursement of your funds.
Ready to get started? Contact the CSP for your community.
Who is eligible for the ESHLP?
To be eligible for an Energy Saver Home Loan, you must meet several requirements:
- Income Limits: Income limits vary by county and are based on total gross income of all owners listed on your home's deed. View income limits.
- Property Type: Single-family homes and 2-, 3- and 4-family properties in Massachusetts are eligible for the ESHLP. Condominiums and cooperatives are not eligible. Trusts will be reviewed on a case-by-case basis.
- Primary Residence: The home must be your primary residence in order to be eligible for the ESHLP.
If you meet these requirements, you may be eligible for an Energy Saver Home Loan! Contact the Concierge Service Provider (CSP) for your community to get started!
Eligible Home Improvements
ESHLP loans provide flexible financing for a wide range of residential clean energy projects that support emissions reduction and healthier homes. Your Concierge Service Provider (CSP) will review potential improvements as part of the intake and evaluation process.
Eligible homeowners may use Energy Saver loans to finance health and safety improvements such as roof replacement and oil tank removal, home weatherization, electrical system upgrades, heat pumps, new efficient appliances and fixtures, and installation of rooftop solar panels, battery storage and EV charging stations. The program does not fund the installation of new fossil fuel equipment. View a full list of eligible improvements.
To receive financing through the program, home improvements must reduce total energy usage by at least 20%. Your Energy Service Provider (ESP) will discuss options for how to reach this goal.
Benefits of Home Energy improvements
Home energy improvements can result in
- Lower energy usage
- Increased comfort and improved indoor air quality
- Reduced carbon footprint
Did you know?
- Residential and commercial buildings are responsible for 30% of greenhouse gas emissions in Massachusetts?
- 60% of all building emissions are from 1-4 family homes?
Frequently Asked Questions
Where can I live to apply for an Energy Saver Home Loan?
Homeowners in every municipality in Massachusetts are welcome to apply for Energy Saver Home Loans, if they
- Meet income limits, which vary by county and are based on total gross income of all owners listed on the deed
- Own a single-family home or 2-, 3- or 4-family residence in Massachusetts. Condominiums, and cooperatives are not eligible. Trusts will be reviewed on a case-by-case basis.
- Use the home as their primary residence
Additional eligibility criteria applies. Contact the CSP for your community to learn more.
What is the interest rate on Energy Saver Home Loans?
The interest rate will depend on the borrower's income and will apply to the full amount of the loan covering all of the selected measures. Your CSP will provide additional information about the loan terms.
Can I select my own contractor to perform the work, or do I have to use the suggested contractor?
Contractors must be approved to participate in the Energy Saver Program. You may choose from a list of approved contractors (coming soon!).
If you wish to work with a contractor who is not yet approved, they can apply to participate in the Energy Saver Home Loan Program.
Who are the approved lenders affiliated with the program?
Energy Saver Home Loans are made through number of lenders located across Massachusetts. Your CSP will connect you with a participating lender who serves your community.
What are the minimum and maximum loan amounts for Energy Saver Home Loans?
The minimum loan amount for an Energy Saver Home Loan is $10,000 and the maximum loan amount is $100,000.
Can I combine the Energy Saver Home Loan with other loans?
Yes, the Energy Saver Home Loan can be used with other loan programs.
Who is the Energy Service Provider (ESP) for the Energy Saver Home Loan Program?
The Energy Service Provider (ESP) for this program is Abode Energy Management.
