Are you a landlord looking to improve the energy efficiency of your rental property? If so, you should be aware of Mass Save®’s rebate program for landlords. This program helps reduce the costs associated with installing energy-efficient appliances and upgrades in rental properties. With access to the same rebates and loan offerings as homeowners. This is an excellent opportunity for landlords interested in making their properties more energy-efficient and saving money on utility bills in the long run.
In this article, we will give you a comprehensive guide to Mass Save®’s rebate program for landlords, including what types of products qualify for rebates, how much money can be saved through the program, and other important information that landlords need to know about it.
How Do Landlords Qualify for Mass Save®?
The Mass Save® program offers a variety of benefits for landlords, allowing them to access the same incentives as homeowners or renters. Whether you own multiple separate houses or just one structure with various units, your property qualifies for Mass Save® if it contains four or less living spaces. If there are five or more units in the building, you may take advantage of different Mass Save® rebates under the multi-family portion of the program.
Rebates Landlords Can Receive With Mass Save®
Read on for a list of Mass Save® rebates that landlords may qualify for, then contact us at Home Mechanics to begin the process of applying!
One To Four Units
As a landlord of one to four units, you qualify for the same rebates and offers as homeowners. Landlords can apply for rebates ranging from air-source, ground-source, heat pump water heaters, and even integrated control systems and thermostats.
Air-Source Heat Pump Rebates For Landlords:
Save between $10,000 to $16,000* on the installation of new air-source heat pumps on whole home installations. If you are completing a partial-home installation, you may only qualify for up to $10,000.
Ground Source Heat Pumps:
Ground source heat pumps, or geothermal heat pumps, are efficient systems for heating and cooling that utilize the heat from the ground. They are typically more expensive than an air-source heat pump and may need to work harder in the winter to obtain heat to pump up to a mini-split unit. With that said, they can be a great option for landlords with the appropriate underground space on their property to serve multiple units. Landlords may be eligible to save up to $15,000 to $25,000* per home for the installation of a ground source heat pump.
Heat Pump Water Heaters:
Landlords can save between $750 - $1,500 with Mass Save® rebates for installing a qualified heat pump water heater that replaces their existing residential electric, propane, natural gas, or oil water heater. If your property has multiple units with individual heater tanks, it might be time to look at a more efficient solution to heating your renter's water! In order to qualify for these rebates, these upgrades must be installed by a licensed Mass Save® contractor. Contact Home Mechanics for a free quote on the installation of a heat pump water heater today.
Integrated controls are automated tools that switch between a heat pump and a fossil fuel heating system at a pre-defined outdoor temperature. Think of it like a smart assistant who likes to save you money when the temperature swings! This feature helps you to use your boiler or furnace less frequently and instead rely more on the heat pump to provide you with the utmost comfort and savings. Landlords are eligible for $500 per indoor unit, up to a max of $1,500 when installed to an existing heat pump.
Smart & Programmable Thermostats:
You can reduce your rental property’s energy costs by installing a new ENERGY STAR® certified smart or programmable thermostat. Landlords may receive up to $100 per qualifying thermostat, limited to 3 total units.
For a complete list of available rebates, click here.
*Enhanced Incentive: To be eligible for the higher incentive amounts displayed, you must qualify through the online income verification tool, found here.
Five Or More Units
If you own a rental property with five or more units, please refer to the Mass Save® multi-family and facilities page for information. A no-cost assessment is available to identify and recommend the best possible savings opportunities for your rental property.
Additionally landlords may also be eligible to receive benefits through the Low-Income Eligible Multi-Family Retrofit Program. The LEAN Multifamily Program strives to create affordable housing in Massachusetts with complete and cost-effective gas and electric energy efficiency measures. For a full LIMF Program guide, click here.
Can Landlords Apply for a HEAT Loan?
Yes! Landlords may apply for the Mass Save® HEAT Loan opportunity through the Mass Save® program. Landlords may be eligible for a 0% interest loan up to $50,000 when installing an eligible heat pump. Please note: The Mass Save® C&I Loan program serves condo complexes, not the Residential Mass Save® HEAT Loan program.
Call on Professionals You Can Trust!
If you're looking to improve your energy efficiency while cutting your rental property costs through the Mass Save® program, contact the professionals at Home Mechanics. We are proud to offer assistance to landlords all over the Greater Boston area and across Massachusetts.