City of Newton, MA
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Financial Incentives
| Technology | Mass Save Incentive | State Incentives | Federal Incentives | Financing Options | Operational Savings |
|---|---|---|---|---|---|
| Insulation |
*expires 12/31/25 |
0% loan through Mass Save | Reduced utility bills | ||
| Heat Pumps |
Whole-home and partial-home incentives: up to $10k $750 instant discount for qualifying heat pump water heaters through 12/31/25 |
*expires 12/31/25 |
0% loan through Mass Save | Lower monthly costs than oil, propane, electric resistance heat and window ACs | |
| Electric Vehicles | EV charger installation rebate of $700-$1400 |
Rebate between $3,500 - $6,000 |
*expired 9/30/25 |
Lower fueling and maintenance costs than combustion engines | |
| Rooftop Solar |
Tax credit, the lower of 15% of system cost or $1,000 |
Net metering credits |
The Passage of the Federal Inflation Reduction Act (IRA) in August 2022 authorized the creation of many new incentives for home energy projects, both tax credits and direct incentives. The tax credits went into effect by the start of 2023, as linked in the table above. Learn more from the U.S Department of Energy's Energy Savings Hub and nonprofit Rewiring America's estimated incentive calculator. Note that the federal tax credits listed above are now set to expire by the end of 2025.
Explore the Massachusetts Energy Savings finder, a free tool to help identify local, state, and federal rebates, incentives, and tax credits for Massachusetts homeowners and renters.
Financing opportunities include Mass Save's HEAT loan (0% financing on up to $25,000) and the Energy Saver Home Loan Program (0.5-2% interest on a $10,000-$100,000 loan).