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New funding for older homes

New funding for older homes

Many older Boston homes have been unable to insulate fully because of barriers such as knob-and-tube wiring or asbestos. The Department of Energy Resources (DOER) recently announced a new first-come-first-serve round of funding to help insulate these homes for energy efficiency improvements.

New grants are now available for up to $2,000 for knob-and-tube wiring remediation and up to $3,000 for asbestos abatement. To qualify, these projects must be combined with insulation or a heating equipment replacement.  Eligible grant recipients are people who own 1- to 4-family homes as individuals, not corporations.  Buildings that are split into condominiums are not qualified.

In addition to the reimbursement grants, DOER has also introduced an Expanded HEAT Loan Initiative for:   0% interest up to $50,000 for qualified energy efficiency upgrades in 2-4 family buildings; qualified Deep Energy Retrofit and Deeper Energy Savings measures, and qualified Biomass Wood Pellet Boiler installations.  Again, these offers are not available to corporate ownership structures or condominium owners.

These grants and the Expanded HEAT Loan Initiative can be combined with other Mass Save® rebates. Read more about these offers at http://www.masssave.com/residential/expanded-heat-loan. All of these opportunities are available on a first-come-first-serve basis.  Funds are limited!  There’s never been a better time to make your home more comfortable and affordable.

This old steam boiler is covered with asbestos insulation.

This old steam boiler is covered with asbestos insulation.