--- title: Should I finance energy-efficiency projects for my home? description: Financing home energy improvements is not actually as difficult as one might think. image: https://go.hfcu.org/hs-fs/file-16537980-jpg/images/home_value.jpg --- [![MoneyWisdom_HFCU_r2](https://go.hfcu.org/hs-fs/hubfs/MoneyWisdom_HFCU_r2.png?width=464&name=MoneyWisdom_HFCU_r2.png "MoneyWisdom_HFCU_r2")](https://go.hfcu.org/blog) Filter by Category** - [Show All](https://go.hfcu.org/blog) - [Security](https://go.hfcu.org/blog/topic/security) - [Personal Finance](https://go.hfcu.org/blog/topic/personal-finance) - [Auto](https://go.hfcu.org/blog/topic/auto) - [Business](https://go.hfcu.org/blog/topic/business) - [Credit Score](https://go.hfcu.org/blog/topic/credit-score) - [Home](https://go.hfcu.org/blog/topic/home) - [Credit Cards](https://go.hfcu.org/blog/topic/credit-cards) - [Life Changes](https://go.hfcu.org/blog/topic/life-changes) - [Insurance](https://go.hfcu.org/blog/topic/insurance) - [Investments](https://go.hfcu.org/blog/topic/investments) Filter by Category** - 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[dormant account (1)](https://go.hfcu.org/blog/topic/dormant-account) - [inactive account (1)](https://go.hfcu.org/blog/topic/inactive-account) # Should I finance energy-efficiency projects for my home? ** [Bill Burpeau](https://go.hfcu.org/blog/author/bill-burpeau) ** Feb 06, 2014 ![](https://go.hfcu.org/hs-fs/file-16537980-jpg/images/home_value.jpg) I am aware that there are many renovations that I can invest in to help make my home a more environmentally friendly place to live. I understand that paying a little bit extra for a more energy-efficient heating system, or for windows and doors rated by Energy Star for their efficiency, will end up saving me in the long run due to the amount of money I’ll save every month on my energy bills. But some kinds of energy-efficiency improvements cost a lot of money. There’s always the option to finance energy-efficiency improvements for my home, but do I really want to go that far? Here’s the thing. I want to be responsible with my borrowing.  So do I really want to spend money on something I can’t afford right now? Honestly – when I look at the benefits of improving the energy-efficiency of my home – maybe I actually do.   **What are the benefits of an energy-efficient home?:** - I’ll have a more sustainable home. - I’ll save money on my energy bills. - My home will be more comfortable. - I may even be able to take advantage of some tax breaks that the government gives for environmentally friendly home features. Financing home energy improvements is not actually as difficult as one might think. For Example: If you’re a NSTAR, National Grid, and Columbia Gas customer in Massachusetts, you may be eligible for a number of energy-saving rebates and incentives including things like targeted air sealing at no-cost. You could also be eligible to get 75 percent off home insulation work up to $2,000. In other words, a $2,000 home insulation improvement would only cost you $500.  **This money can be borrowed interest free for qualifying borrowers through the Mass Save program.** Basically, if I want to invest in any renovations for my home, I might as well make renovations that will benefit my wallet, my lifestyle and the environment around me, by making sure that they are energy-efficient upgrades. By doing this, I’ll even save money if I choose to finance energy-efficiency upgrades through discounts and interest free loans! Is it worth looking into for your home?  Home Energy Assessments are available at no-cost to eligible utility customers in Massachusetts through the Mass Save program. These energy assessments can be administered by [Next Step Living](http://www.nextstepliving.com), the leading home energy solutions service provider in Massachusetts.   [Learn more](http://www.nextstepliving.com/partners/hfcu) about how a Home Energy Assessment can help you save money on energy at home. ** [Home](https://go.hfcu.org/blog/topic/home) [** What's the best way to manage the FAFSA process? ](https://go.hfcu.org/blog/bid/155995/what-s-the-best-way-to-manage-the-fafsa-process) [** Accounting 101: How to double your money. ](https://go.hfcu.org/blog/bid/156818/accounting-101-how-to-double-your-money) ### About Author ![Bill Burpeau](https://go.hfcu.org/hs-fs/file-2383552195-png/Blog_Authors/Bill_Burpeau.png) Bill Burpeau Bill Burpeau is a Financial Wellness Coach at Hanscom FCU. As a Credit Union Certified Financial Counselor, he is an enthusiastic advocate of everyone being engaged in their financial health, educated and empowered to make the best financial decisions for themselves every day. He constantly studies and is up to date with the latest financial management concepts and technology. Bill is a graduate of Texas A&M University with a BBA in Business Management and served in the U.S. Navy as a Supply Officer. 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Please consult the privacy disclosures on those linked sites for further information. ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Bill Burpeau" }, "dateModified" : "February 12, 2020, 1:59:53 PM", "datePublished" : "2014-02-06 21:30:00", "description" : "Financing home energy improvements is not actually as difficult as one might think.", "headline" : "Should I finance energy-efficiency projects for my home?", "image" : { "@type" : "ImageObject", "url" : "http://cdn2.hubspot.net/hub/118438/file-16537980-jpg/images/home_value.jpg" }, "mainEntityOfPage" : { "@id" : "https://go.hfcu.org/blog/bid/156671/should-i-finance-energy-efficiency-projects-for-my-home", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://cdn2.hubspot.net/hubfs/118438/Logo%202.jpg" }, "name" : "Hanscom Federal Credit Union" } } ```