Start saving on your heating bill...

You can reduce your winter energy costs by upgrading to high-efficiency heating equipment. In addition to savings on your monthly bill, eligible customers can save on equipment costs with rebates of up to $1,500 for propane and $400 for oil heat.*

Customers currently heating with oil or propane can get up to $15,000 to switch to a heat pump system for heating and cooling. Visit our heat pump page to learn more.

*Fossil fuel equipment must be 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.

Oil and Propane Heating Equipment Rebates

Heating Equipment Fuel Type Minimum AFUE Standard Rebate Tier II Rebate*
Furnace with ECM** Oil 86% $400
Furnace with ECM** Propane 95% $200 $400
Hot Water Boiler Propane 95% $200 $1,500
Combined Condensing Boiler with On-Demand Hot Water Propane 95% $900
Combined Condensing Furnace with On-Demand Hot Water Propane 95% $500

*Customers replacing existing Condensing Furnaces or Boilers are not eligible for Tier II rebates. If pursuing Tier II rebates, verification of pre-existing heating system is required prior to installation. Verification is not required for combined condensing furnaces and boilers. For more information, visit

**Electronically Commutated Motor


Interested in Financing Your New Equipment? With our HEAT Loan, you could qualify for a zero-interest loan of up to $50,000 toward qualified energy efficient home improvements with terms up to seven years.To get started, call us at 1-800-797-6699 to schedule a Home Energy Assessment. A representative will review the results of the assessment, let you know which improvements would be eligible for HEAT Loan financing, and give you all the paperwork you need. Heat Loans for fossil fuel equipment must be applied for by April 30, 2024.

Have a chimney? We also have a $35 incentive on chimney balloons, a small inflatable device that can help stop drafts. Download the chimney balloon rebate form here.

Looking for Hot Water Heating Rebates? Click here.

Looking for Natural Gas rebates? Click here.


  • Equipment must be purchased and installed between January 1, 2024 and August 31, 2024. Rebate must be postmarked or submitted by September 30, 2024.
  • Equipment must be installed in residential homes with an active electric account
  • Equipment must be installed by a licensed contractor
  • Rebate form must be filled out completely, signed, accompanied by dated invoices, and received by the Mass Save representative within 60 days of installation
  • Limit one (1) boiler rebate, two (2) furnace rebates

Equipment installation may be subject to a verification inspection prior to rebate reimbursement. See Terms and Conditions for full requirements.