Peabody: heat pumps and Mass Save
5,377 Peabody homes (24%) heat with oil, and the median home was built in 1966. Oil to heat pump is the clearest fit for Mass Save rebates.
- Facts checked: November 3, 2026
How Peabody homes heat today
| Main heating fuel | Homes | Share |
|---|---|---|
| Natural gas | 11,333 | 51% |
| Electricity | 4,370 | 20% |
| Fuel oil or kerosene | 5,377 | 24% |
| Propane or bottled gas | 732 | 3% |
| Other or none | 578 | 3% |
22,390 occupied homes: 14,688 owned and 7,702 rented. Median year built: 1966. Of 23,081 housing units, 3,190 (14%) are in buildings of two to four units, 6,526 (28%) in buildings of five or more, and 13,365 (58%) in single-family homes and other types.
How Peabody compares
Of the 23 towns we cover, Peabody ranks 9th for oil heat (24% against an average of 20%), 16th for natural gas (51% against 57%) and 10th for electric heat (20% against 19%). Towns to compare it with:
| Town | Oil | Gas | Electric | Median built |
|---|---|---|---|---|
| Beverly | 25% | 50% | 20% | 1956 |
| Woburn | 29% | 51% | 17% | 1968 |
| Winchester | 24% | 58% | 15% | 1954 |
| Waltham | 19% | 53% | 24% | 1961 |
| Danvers | 32% | 49% | 15% | 1963 |
| Lynn | 17% | 57% | 22% | 1946 |
Put another way: Peabody is the 8th largest of the 23 towns by occupied homes (22,390). For every home on oil there are 2.1 on natural gas. Its median home year of 1966 is 14 years newer than the 1952 average across these towns. 4,370 homes (20%) are electric, and 732 (3%) use propane or bottled gas.
Tune-ups for heating systems in Peabody
5,377 homes in Peabody (24%) burn oil. Those systems collect soot and sludge over a season, so the burner, nozzle and filter are the first things we clean and check.
Across the three burner fuels, 17,442 of 22,390 homes (78%) burn gas, oil or propane: 11,333 gas, 5,377 oil and 732 propane. 7,702 homes (34%) are rented, which means the landlord, not the tenant, books the visit. Peabody's median build year is 1966. A photo of the nameplate tells us more than the age of the house does.
See what a visit covers for a boiler or a furnace, then ask for a visit in Peabody.
If your boiler or furnace dies in Peabody
With 24% of homes on oil, a heat pump that replaces an oil boiler is the case Mass Save rebates most clearly. Rates and the January 1, 2027 drop are on the 2027 rebate page.
Peabody is served by Peabody Municipal Light Plant, a municipal utility. Municipal utilities run their own heat pump programs, so the Mass Save figures here may not apply to you. Check with Peabody Municipal Light Plant first.
For a number you can use, send two photos of the old unit and the panel, and see what moves a boiler price.
What next
Run your numbers in the rebate calculator. If you have an oil tank, see oil to heat pump. Panel full or fuses? Panel upgrades explains.