Saves™
(Limited Funding Available)
The TMLP Saves™ – Heat Pump and Zero-Interest Loan Program provides financial incentives to eligible Residential customers for weatherization (if recommended) and installation of Ground Source or Cold Climate Air Source Heat Pumps starting on January 8, 2024.
*LMI customers must provide proof of income using the IRS tool (https://www.irs.gov/individuals/get-transcript) to qualify. You must submit a copy of the transcript of your most recent tax return, but no older than one year from the time of application. TMLP will use the Commonwealth of Massachusetts’s Low and Moderate Income Qualification Chart to determine LMI qualifications. In TMLP’s discretion, TMLP may accept proof of fuel assistance eligibility to qualify LMI customers.
In order for a Customer to be eligible for the TMLP Saves™ – Heat Pump and Zero-Interest Loan Program, the following conditions must exist:
- Customer is an active residential electric account with the TMLP for at least 6 months, has a $0 balance (no arrears) on any TMLP account.
- Customer must first participate in the TMLP no-cost home energy audit program through Energy New England (ENE). You can start the scheduling process by clicking on this intake form link.
- Customer must choose a contractor quote that is approved by the Heat Pump Administrator (HPA). This list may be found at this location:
Heat Pump Participating Contractor List
Customer purchased eligible recommended measures from the audit report (e.g. Installation of Cold Climate Air Source Heat Pumps and/or weatherization).
The customer must fill out a TMLP Saves™ Program Application Form as well as provide all required documentation. Installations done prior to January 8, 2024 are not eligible for the rebate.
- Customer must go through a participating lender listed below.
- Rebate is in the form of a check issued to the customer only after the system passes quality assurance (QA) at the end of installation. Please allow 6-8 weeks for processing.
Partial home heat pump rebate amount will be based on total installed tonnage. The conversion of tons from BTUs is
12,000 BTUs = 1 ton
Example rebate calculation:
If a heat pump invoice indicates 24,000 BTUs
24,000 BTUs / 12,000 BTU/ton = 2 tons
Estimated rebate amount: $2,500
Participating Lenders: 
Bristol County Savings Bank
(508) 828-5300
35 Broadway, Taunton, MA 02780
Website: https://www.bristolcountysavings.com/
Branch Locations: https://www.bristolcountysavings.com/locations
Taunton Federal Credit Union
(508) 824-6466
14 Church Green, Taunton, MA 02780
https://tauntonfcu.com/
Branch Locations: https://tauntonfcu.com/index.php/locations-and-atms
Online Loan Application: https://onlineapps.tauntonfcu.com/IMSIWeb/web/loan-app
*Amount dependent on funding and program availability. All installations must be after January 8, 2024. Visit this page often for the latest information.
Please submit the following documents to rebates@tmlp.com :
- TMLP Saves™ Program Application Form
- Signed contract(s) with selected contractor(s)
- Low Income Verification
- TMLP Saves™ Terms & Conditions
Helpful Links and Documents/Resources:
Get Started with this checklist!
Municipal Heat Pump Forum – March 16, 2024
If you were not able to attend our Heat Pump Forum or want to watch it again, click on the above link!
Coming Soon: Abode Heat Pump 101 Webinar!
Mass Clean Energy Center’s Go Clean page: Has basics of air source heat pumps and how to operate them, plus information on local installers.
TMLP Heat Pump Book : This digital resource on heat pumps describes how a heat pump operates in your home.
Northeast Energy Efficiency Partnerships (NEEP) Air Source Heat Pump page: Basics about the organization’s efforts in providing the best available resources for consumers to review material about heat pumps, make the best choices in purchasing heat pumps and how to care and maintain them after purchase.
NEEP Heat Pump Buying Guide: Produced by NEEP to help consumers understand heat pump technology and how to purchase a heat pump system for their home.
Five Lessons from My First Year with Mini-Split Heat Pumps: Blog post from the American Council for an Energy-Efficient Economy (ACEEE) that contains lessons learned after purchasing a home in Vermont that had heat pumps installed.
How to Use your Ductless Heat Pump: Blog post from Efficiency Maine about the best practices for maintenance and upkeep of a heat pump
Who knew? 8 ways NOT to use a heat pump: Guide from Efficiency Vermont about what NOT to do with your heat pump for maximum efficiency
Heat pumps outperform boilers and furnaces — even in the cold: Article from Canary Media regarding the performance of ASHPs in cold weather
