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Old oil boiler next to a new heat pump installation in a basement

North Shore heat pump rebates by utility (2026)

On the North Shore, the heat pump rebate you can get depends on the name on your electric bill. Here is a summary of each program as published in 2026. Always check the program page before signing.

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Updated November 1, 2026. General information only, not legal, engineering, or insurance advice.

Wakefield: WMGLD

For installations on or after January 1, 2026, WMGLD lists:

  • $500 per ton, up to $2,000, for qualifying heat pumps
  • $1,000 per ton, up to $5,000, when the heat pump replaces fossil fuel heating
  • $1,500 per ton, up to $7,500, with a complete gas disconnect at the street
  • Equipment must be on the NEEP cold-climate list, with a post-installation quality check

Reading, North Reading, Wilmington, Lynnfield Center: RMLD

  • Whole-house new system: $2,000 per ton, up to $8,000
  • Replacement of an existing heat pump: $400 per ton, up to $4,000
  • Weatherization is required, with a 50% rebate up to $3,500
  • Or a 0% loan up to $40,000
  • Cannot be combined with Mass Save heat pump rebates

Peabody: PMLP

  • $500 per ton for air-source heat pumps, capped at 3 tons ($1,500) per year, per the 2026 program page.

Most other towns: Mass Save

If your electricity comes from a Mass Save sponsor, Mass Save offers heat pump rebates, 0% financing through its HEAT Loan, and recommends weatherization first. Amounts depend on the system and what it replaces; see the Mass Save page.

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If you would like a local pro to take a look, use the form on this page. It is free to ask and there is no obligation. Related: Oil to Heat Pump Conversion, Ductless Mini-Split Heat Pumps, Ducted (Central) Heat Pumps.

Sources

Heat pump FAQ

What about the federal tax credit?

The federal 25C credit does not apply to equipment installed after 2025.

Do rebate amounts change?

Yes, often yearly. These figures are from the program pages as of November 2026.

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