American Air is a residential and commercial HVAC company in Tewksbury, MA. The company has been in business for over 20 years. They specialize in HVAC replacements and processing Mass Save rebates and 0% financing paperwork for its customers.
Mass Save is sponsored by utility companies for Massachusetts homeowners to replace their old heating and A/C systems. Homeowners may be able to qualify for 0% financing and thousands of dollars in rebates for saving energy. Our state is lucky to have this energy-efficiency program in place. In 2024, the Mass Save program is changing dramatically for heating and central air replacements by removing gas and oil rebates and financing for homeowners and businesses.
What is happening to Mass Save in 2024?
The big change to Mass Save in 2024 for heating and air conditioning is that only electric heating and A/C will qualify for rebates and 0% financing and oil and gas fueled heating systems will no longer qualify for rebates or the 0% loan. Therefore, homeowners in Massachusetts are now installing heat pumps in their homes, instead of oil boilers and natural gas fueled furnaces.
Why is heating in Massachusetts changing to electric?
The majority of homeowners that American Air has worked with in the past have heated their homes with natural gas or oil. These customers have been able to get Mass Save financing and rebates, and our team at American Air were there to help through the whole process. Customers are now asking for heat pumps to save energy and get the 0% loan and rebates and federal tax credits in 2024.
How do I know if I can get the Mass Save loan and rebates?
If your monthly electric or gas bill goes to National Grid or Eversource, you might be Mass Save eligible. Therefore, you might be able to get a 0% loan, a federal tax credit, and up to $10,000 in rebates. National Grid and Eversource are a couple of the sponsors of the Mass Save program. If you pay your town’s municipality for your electric bill instead, such as in Wilmington, MA or Reading, MA, there may be other town-specific rebate programs and loans available to finance your HVAC installation. Call our team at American Air today and we’d love to walk you through the Mass Save program, the 0% loan, rebates, and tax credits.
How much can you get in rebates for installing heat pumps in MA?
In 2024, you may be able to get up to $2,000 in a federal tax credit for installing air source heat pumps. You may also be eligible for:
- Whole-home heat pump installation: Up to $10,000 per home
- Partial-home installation: $1,250 per ton up to $10,000
What is the federal tax credit for Heating & Air Conditioning?
The Inflation Reduction Act (IRA) has expanded the energy efficiency tax credit 25C. If you’re a homeowner, you may be able to claim up to $2,000 for a heat pump installation or heat pump water heater as a start. If you get any of the following weatherization and energy-efficient improvements, you may also qualify for an additional $1,200 tax credit:
- $150 for a home energy audit
- $250 for a new exterior door ($500 total for all exterior doors)
- $600 for new exterior windows and skylights
- $1,200 for insulation
- $600 for an upgraded electrical panel
- $600 for high efficiency furnaces + boilers
Why are Massachusetts business owners installing electric heat pumps in 2024?
Massachusetts business owners are installing electric heat pumps because they tend to use less energy than fossil fuels like gas and oil do. Also, they can get approved for the state’s 0% loan and up to $10,000 in rebates in 2024.
Heat Pumps are gaining popularity in Massachusetts: quickly. It’s because Mass Save is changing rebates and financing qualifications to just electric heating in 2024.
Can I get a gas or oil fueled heating system installed in 2024 with the Mass Save program?
No, you won’t be able to throughout all of 2024. The Mass Save program states that “Fossil fuel equipment must be authorized for financing by April 30, 2024, installed by August 31, 2024, and the rebate application submitted/postmarked no later than September 30, 2024, to be eligible. Rebate not to exceed purchase price. Limit one (1) boiler rebate, two (2) furnace rebates.”
Is American Air a Mass Save Partner?
American Air is a Heat Pump Installer certified by the Mass Save program. The company has as in-house team dedicated to applying for the 0% loan and rebates.
Consult with an HVAC professional, like American Air in Tewksbury. We can help you install ENERGY STAR certified HVAC systems to qualify for rebates, a loan, and tax credits. Please note, all of the rebates, loan, and tax credit information above must be approved by a third party. American Air is not responsible for these claims. Fill out the form below to talk with an expert at American Air!
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