MA DOER Expanded Heat Loan Program for Pellet Boilers

PassionForFire&Water Posted By PassionForFire&Water, Jun 16, 2014 at 7:47 AM

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  1. PassionForFire&Water

    Minister of Fire 2.

    Jan 14, 2011
    Billerica, MA
    wanted to let you know that MA DOER has funded a new initiative, the Expanded Heat Loan Program.
    Allocated are $3.8 million for the entire initiative.

    Among other things, efficient WOOD PELLET BOILERS are now part of the heat Loan program as follows:

    • 0% interest loan up to $25,000 with terms up to 84 months
    • Must be installed in a 1-4 unit residential building as a central heating system
    • Must meet detailed specifications, including a thermal efficiency rating of 80% or greater, and emissions rating <= to 0.15 lb/MMBtu and at least 2 tons of bulk storage
    • Requires prior approval
    This is a limited time program and will be in effect until funds are spent.

    Please pass the word.
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