Swampscott Public Schools in Massachusetts receives a $2,371,285 check!

SWAMPSCOTT, Mass., July 21, 2025 — Swampscott Public Schools in Massachusetts celebrated the receipt of a $2,371,285 reimbursement check for installing ground-source heat pumps at the new Swampscott Elementary School. The ground-source heat pumps provide affordable and reliable heating and cooling for the building, and qualify for energy tax credits through a funding mechanism called Elective Pay.

After completing the project in May 2024, the district partnered with tax firm Energy Tax Savers (ETS) to prepare their IRS filing, which was submitted on September 9, 2024. The technology qualified for a $2,265,308 million reimbursement, plus $105,977 in interest - bringing their total reimbursement to $2,371,285. 

The district plans to install a solar energy system at the new school during the 2025-2026 school year and will file for energy tax credits once the project is complete.