Green Electricity Products Heating Oil Buying Network Energy Efficiency Advocacy for Consumers and the Environment July 2014 EARLY BIRD RAFFLE Renew now & you could WIN $500 toward oil! Summer Incentives for Energy Efficiency Mass Save®, the Commonwealth’s energy efficiency program, has made this a great summer for upgrading your heating system and installing other energy efficiency upgrades. Most people wait to replace their heating system until it collapses, but improvements to heating system designs mean you may be throwing away good money if you wait. If you have a furnace that’s at least 12 years old or a boiler that’s at least 30 years old, and if you live in a town served by Mass Save, you may be eligible for the Early Heating System Replacement Rebate for upgrading older, working furnaces and boilers. Incentives range from $750 to $1,900 when you replace an existing, working oil-fired furnace or boiler with a new energy efficient oil-fired unit. You must act by September 30, 2014 for this offer. Visit masssave.com/residential/offers/ early-heating-equipment-rebates or call 866-527-SAVE (7283) for full program details. To help cover the remaining costs for a heating system, or several other types of energy efficiency upgrades, qualified borrowers may be able to use Mass Save’s 0% interest HEAT Loan for up to $25,000 with terms up to 7 years. Recently, Mass Save announced the HEAT Loan can be used on an even broader array of improvements for a limited time. You may be able to use a HEAT loan for: Attic, wall, and basement insulation High efficiency heating systems Central air conditioning/air source heat pumps High efficiency domestic hot water systems Solar hot water systems 7-day digital & Wi-Fi thermostats ENERGY STAR® qualified replacement windows NEW: High efficiency wood pellet boilers (limited time offer) NEW: Deeper energy savings (limited time offer) NEW: Expanded 2-4 family loan (limited time offer) NEW: Grants to remove asbestos and upgrade knob & tube wiring (limited time offer) The best way to understand if you qualify for the Early Heating System Replacement rebate or HEAT Loan is to call 866-527SAVE (7283) to schedule a home energy assessment. During the assessment an energy specialist can help you understand how to best take advantage of these offers while they last. A heat pump is another type of heating system to consider if you want to upgrade your heating. On May 13, Massachusetts Clean Energy Center (Mass CEC) launched the Commonwealth Home Heating and Cooling pilot project offering a time-limited rebate for installation of heat pump heating systems in single-family homes. Because this incentive is administered through Mass CEC rather than Mass Save, oil-heated homes with municipal electric companies are eligible to apply. The program covers both ground-source heat pumps (also known as geothermal energy) and air-source heat pumps (both ducted central air and ductless room-sized models). In winter these systems provide heat, while in summer they can provide air conditioning. Read more about this incentive at masscec.com/programs/commonwealth-homeheating-and-cooling. Funding on these incentives is limited, so act now to make your home more affordable and sustainable. NOW is the time to set up your budget plan With the price of heating oil remaining well over $3.00 per gallon for another year, signing up for a budget plan through your Mass Energy dealer is a good way to spread out your oil bill into 10 to 12 monthly payments. Here’s an example of how a typical budget plan works: If you use about 750 gallons of heating oil, and it costs an average of $3.60 per gallon, your heating oil bill will total $2700. Instead of having four or five $500-700 bills during the season, you will pay your dealer $270 per month over ten months to reach the $2700 cost. You will receive the Mass Energy daily budget price for the day your oil gets delivered, and that amount will be credited against your budget account. Typically, dealers use a higher average price when doing an original estimate. In the past few years, we’ve seen $4.00 per gallon as the regular standard. That would add $30/month to the example above. Dealers do that to provide a little cushion in the event of a price spike or colder weather conditions, so they won’t have to ask you to raise your monthly payment or pay a high end-ofseason balance. Usually our members end up with a credit balance, although not so much this year due to the extreme winter. If you have a credit balance at the end of the season, you can have it sent to you or rolled into next year’s budget plan. Each of our dealers is a little different in how they run their budget program, but generally, they start in late spring or early summer and run into the following spring. That makes NOW the time to set up your budget program. A Great Year for Savings Last winter was one of Mass Energy’s best years ever for heating oil savings. Members paid, on average, 30 cents less than the state average for full-service dealers. Even better, when we adjust for heating degree days, the best measure for how cold a heating season is, our members paid 32 cents less than the state average. That’s because our advantage grew during the coldest months, January through March. Over the course of a cold winter, 32 cents per gallon means a savings of over $250 for those who bought 800 gallons. Mass Energy’s formula for consumer savings has not changed in 32 years. We are confident that our approach consistently produces low prices from full-service dealers who can provide maintenance and customer service. Mass Energy does not attempt to guess how the market is going to change. Instead, we negotiate with our dealers on how much they can charge above the wholesale price of oil, which changes daily. So, while we do not fix the price of oil, we do fix how much the dealers can charge to deliver. No gimmicks. Our web site will continue to say that our members save an average of 15–30 cents per gallon compared to the state average. But, every now and then, the market works in our favor and we do better. 2 Heating Oil Membership Renewal Form EARLY BIRD RAFFLE: Renew now & you could WIN $500 toward oil! IMPORTANT NOTES: Prepaid? Don’t Renew Early Bird Raffle If you received an email or letter stating that your membership is prepaid, please do not fill out this form. You will automatically be entered in the Early Bird Raffle! Renew by August 31st to be entered to WIN a $500 credit with your Mass Energy dealer! Renew for 3 years and you’ll be entered twice. Members Only Site Check the status of your membership by visiting secure.massenergy.org/extranet Need to update your account info? Contact us at 800-287-3950. Three Easy Ways To Renew Your Heating Oil Membership: Online: www.massenergy.org/heating-oil Phone: call our office at 800-287-3950 Mail: fill out the form below and mail to: Mass Energy, 284 Amory Street, Boston, MA 02130 MEMBER INFORMATION Name ______________________________________ Membership # _________________________________________________ Mailing Street Address ________________________________________________________________________________________ City ____________________________________________________ Zip ________ Phone _________________________________ E-Mail (make sure we have your most recent e-mail) ___________________________________________________________ MEMBERSHIP TYPE (Please select one. Dues are not tax-deductible and are not refundable) $20 One Year Basic $10 One Year Fixed Income & Retiree $45 Three Years Basic $30 Three Years Fixed Income & Retiree $25 Non-Residential Customer Note — If you’re a Fuel Assistance member: You will receive a separate renewal letter and form in August. If you’re a recent Fuel Assistant client, please call Mass Energy (617-524-3950) to find out how you can renew for FREE. DONATIONS Yes, I will make a tax-deductible donation to support Mass Energy’s Oil Bank for emergency heating assistance. $10 $25 $50 $100 $300 $500 Other $_______________ PAYM E N T Total Amount (Membership Fee And/Or Donations) $______________ My check is enclosed. Please make checks payable to “Mass Energy” Please Charge My: Mastercard Discover Visa Card No. ________________________________________ Exp. Date _________________________________________________ Signature ____________________________________________________________________________________________________ Dues are non-refundable and are not tax-deductible. However, contributions to the Massachusetts Energy Consumers Alliance for the Massachusetts Emergency Oil Bank are tax-deductible for federal income tax purposes. 3 things you need to know for heating season 1. Sign up NOW for Budget Payment Plans. See article on page 2 for more information! 2. Don’t be fooled by caps or lock-in prices. Over time, consumers who stay with our program save more by paying the price of the day. 3. Clean and tune-up your system BEFORE it’s cold. Tune ups are the easiest way to ensure your system works efficiently all winter. 4. Get a $50 credit toward your oil bills when you refer a friend! (after referral takes first delivery) Our dealers now service most of western Massachusetts. tell your friends! Check out Mass Energy’s new blog! www.massenergy.org/blog One more way to keep you in the know. Subscribe today! 4 Return Service Requested Printed on recycled paper. (p) 800-287-3950 (f) 617-524-0776 [email protected] www.massenergy.org Making energy more affordable and environmentally sustainable since 1982. 284 Amory St. Boston, MA 02130 Non Profit US Postage PAID Boston, MA Permit #50190
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