Business & Multifamily (5+ Unit) Financing

The lenders and loan programs listed below for business/building owners, property managers, or landlords can help you finance energy improvements to your property. If you own low-income or affordable housing, go here for additional financing options.

The Mass Save® Financing for Business and Multifamily Buildings

Projects may be cash-flow positive
Loans from $5,000 to $500,000 are available
Terms up to seven years

Financial Assistance Details:

Financing subject to third party approval. Additional Terms and Conditions may apply. The loan must be from a participating lender on the approved list.
Improvements require pre-approval from Program Administrator(s) and must comply with program terms & conditions.
Contact your local Program Administrator (Eversource) to express interest in financing. Your provider will walk you through the necessary steps based on your application type.
Once you contact your local Program Administrator and identify the qualifying energy savings opportunity, submit at application here.

Eversource can provide complete details and recommendations tailored to your business:

www.Eversource.com

EfficiencyMAEversourcecom

844.887.1400

Are You a Resident of a Multi-Family Facility With Five or More Units?

Refer your building owner or property manager to this this page, or have them call Mass Save at 800-594-7277 to learn more.

Click here to see the Mass Save® Approved List of Lending Institutions:

Click here to see Other Financing Options:

For more information, see this Mass Save guide.

Green Condo Lending

Cambridge Energy Alliance has reached out to financial institutions to identify lenders that are interested in supporting condo associations as they conduct energy improvements. These banks are ready to offer association loans for building upgrades, providing a way for condos to avoid taking out a special assessment or dipping into reserves. Click to read more about these banks and the options available.

Mass Solar Loan

The Massachusetts Solar Loan Program enables low-interest, fixed-rate loans to support solar installation. Typical offerings include loans of up to $35,000 for 10-year terms.

L.E.A.N. MultiFamily Energy Upgrades

LEAN enables multi-family building owners and operators of low income and affordable housing to upgrade to the most efficient HVAC, lighting systems. Applicants can manage the project from start to finish. Contractors are paid, through utility funded grants, for all effective measures, providing residents free energy efficient upgrades.

Blue Hub Loan Fund

Blue Hub Loan Fund provides financing for affordable housing, education, healthcare and economic and environmental vitality.

Blue Hub Fund Finances a broad range of projects:

Affordable Housing: 23,500+ units built, preserved, or enhanced
Healthcare: Facilities offering a comprehensive range of care to 197,700+ patients
Childcare: Facilities serving 15,600+ children
Education: Schools and youth programs serving 34,600+ students
Commercial Real Estate and Community Facilities: Development of over 5.9 million square feet of commercial real estate and community facilities
Jobs: Nearly 13,800 jobs created or retained since 2012
Healthy Food Retail: Facilities serving 128,000 customers annually
Sustainability: Collaboration with BlueHub Energy to bring energy resilience and cost savings to low-income communities

Number of Household Members	Income Eligible Annual Household Income	Enhanced Residential Annual Household Income	Standard Offers Annual Household Income
1	Up to $45,392	$45,393 – $91,200	$91,201 and higher
2	Up to $59,359	$59,360 - $104,200	$104,201 and higher
3	Up to $73,326	$73,327 - $117,250	$117,251 and higher
4	Up to $87,294	$87,295 - $130,250	$130,251 and higher
5	Up to $101,261	$101,262 - $140,700	$140,701 and higher