RMLD and Reading Cooperative Bank launch a new Heat Pump 0% Interest Loan Program with a Community ‘Meet and Greet’ Event on March 12, 2025.
Customers are encouraged to stop by the 180 Haven Street location on March 12 at 4pm.
READING, MA – RMLD is thrilled to partner with Reading Cooperative Bank (RCB) to bring our 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 will be kicking off this new offer with a ‘Meet and Greet’ event on March 12, from 4-6pm at the Reading Cooperative Bank, 180 Haven Street, Reading branch. This event is 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.
“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 J. Phipps, General Manager, RMLD.
“Reading Cooperative Bank is looking forward to hosting this customer-focused event on March 12. With our partners at RMLD, we are pleased to be offering this new 0% interest loan program created with customers in mind. We hope RMLD customers will come with questions for our team and ready to learn about the program and the benefits of upgrading to a heat pump system,” said Julieann Thurlow, President & CEO of Reading Cooperative Bank.
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 our customers get the maximum energy and cost savings that a heat pump system provides.
Application process for the new loan and rebate suite opens March 5, 2025. Full details and eligibility requirements for RMLD customers will be posted at rmld.com/rebates.
About Reading Municipal Light Department
Established in 1894, Reading Municipal Light Department (RMLD) is a municipal electric utility serving over 70,000 residents in Reading, North Reading, Wilmington, and Lynnfield Center, Massachusetts. RMLD is the largest of the 41 municipal light departments in Massachusetts based on electricity load, is not-for-profit and is locally owned and controlled. The RMLD is committed to serving our customers with reliable, low-cost, and increasingly non-carbon energy. For more information visit rmld.com
About Reading Cooperative Bank
Reading Cooperative Bank was established in 1886, shortly after cooperative banking in Massachusetts began, with a mission to make it possible for the average “workingman” to purchase a home. We’re proud to continue our tradition of helping all kinds of people and businesses realize their plans and dreams.
