Finance Energy-Efficient Home Improvements at 0% Interest
Looking to make your home more energy efficient? Through the Massachusetts Department of Energy Resources (DOER) Municipal Light Plant (MLP) Z-Loan Program, eligible homeowners can finance qualifying energy efficiency upgrades with a 0% interest loan up to $25,000 for up to 5 years.
Apply for a DOER Z-Loan with SMCU
If your home receives electric service from a participating Municipal Light Plant (MLP), you may be eligible for affordable financing to complete energy-saving upgrades that improve comfort, reduce energy use, and lower long-term utility costs.
Program Benefits
|
0% Interest Financing |
Borrow from $500 to $25,000 with no interest charges. Based on information provided by the Massachusetts Department of Energy Resources. |
| Flexible Repayment | Finance qualifying improvements for up to 5 years. Based on information provided by the Massachusetts Department of Energy Resources |
| Improve Home Comfort & Efficiency | Fund eligible projects designed to reduce energy consumption and improve your home's overall performance. Based on information provided by the Massachusetts Department of Energy Resources. |
| Affordable Access to Energy Upgrades | Designed for residents served by Municipal Light Plants who may not have access to other energy-efficiency financing programs. Based on information provided by the Massachusetts Department of Energy Resources. |
Eligible Improvements
The DOER Z-Loan may be used for qualifying energy efficiency and electrification projects identified through an approved Home Energy Assessment, including:
- Heat pumps
- Heat pump water heaters
- Insulation improvements
- Air sealing and weatherization measures
- Certain weatherization barriers, including electrical upgrades and remediation work required before efficiency improvements can be complete
How the Program Works
Step 1: Complete a Home Energy Assessment
A qualifying Home Energy Assessment (HEA) must be completed before applying for financing. Based on information provided by the Massachusetts Department of Energy Resources.
Step 2: Obtain Contractor Quotes
Work with a licensed contractor to receive estimates for the recommended improvements. Based on information provided by the Massachusetts Department of Energy Resources.
Step 3: Apply for Financing
Submit your loan application with SMCU and required program documentation. Loan approval is subject to credit qualifications and program eligibility requirements. Based on information provided by the Massachusetts Department of Energy Resources.
Step 4: Complete Your Project
Once approved, complete the improvements and start enjoying the benefits of a more energy-efficient home.
Loan approval is subject to creditworthiness and program eligibility requirements. Not all applicants will qualify. Program availability and requirements are established by the Massachusetts Department of Energy Resources (DOER) and are subject to change.
All information stated is based on and provided by the Massachusetts Department of Energy Resources.