Reading Municipal Light Department is partnering with Reading Cooperative Bank to bring the Massachusetts public power utility’s customers a new Heat Pump 0% Interest Loan incentive.
This new incentive supports RMLD customers as they move to upgrade fossil fuel heating and cooling systems to more energy efficient options.
RMLD and RCB kicked off this new offer with a Meet and Greet event on March 12, providing a unique opportunity for customers to stop by and ask questions or explore the application process in real time with the support of the RMLD and RCB teams.
RMLD’s partnership with RCB continues a long tradition of community collaboration for both organizations. RMLD and RCB are steadfastly committed to introducing programs and incentives that put customers first, they noted.
“In the spirit of community and collaboration, RMLD is excited to partner with Reading Cooperative Bank to bring this new incentive program to life. Our 0% interest loan will make the transition to cleaner home heating and cooling systems more affordable for RMLD customers. Expanding programs like this are a priority for RMLD as we continue to provide our customers with reliable, low-cost and increasingly non-carbon energy. I look forward to meeting customers and answering questions about this new program on March 12." said Gregory Phipps, General Manager, RMLD.
The new Heat Pump 0% Interest Loan is part of an updated suite of Heat Pump rebates and incentives at RMLD.
Along with the 0% interest loan, the expanded offering now includes a whole- and partial-home heat pump rebate option, as well as rebates for required weatherization in conjunction with the new heat pump system. Weatherization ensures customers get the maximum energy and cost savings that a heat pump system provides.
Application process for the new loan and rebate suite opened March 5, 2025. Full details and eligibility requirements for RMLD customers will be posted at rmld.com.
