Mass Save® Heat Loan Program

Mass Save® Heat Loan - 0% Interest Loan

Mass Save Heat Loan Overview

It’s Simple to Save Energy and Money

The HEAT Loan Program provides consumers the opportunity to apply for a 0% APR loan from Hanscom FCU to assist members with the installation of qualified energy efficient improvements in their homes.

Improvements that qualify: 

  • Heating System Replacement
  • Domestic Hot Water & Solar Hot Water Heaters
  • Central Air Conditioning and Heat Pumps
  • Insulation & Replacement Windows

Check the Mass Save website for a listing of additional rebates that are available.

How it works

Steps to get started

  1. Customer must sign up for a Home Energy Assessment from an authorized Mass Save vendor. Call (800) 632-8300 to schedule a free home energy assessment.
  2. A MassSave representative will assess your energy efficiency improvement needs and determine what improvements are eligible for financing. The representative will provide a HEAT Loan Intake Form, Program Steps, and Minimum Standards and Requirements.
  3. Obtain pre-approval from a participating lender if you choose.
  4. Obtain written contractor price proposal(s) for the installation of the improvements.
  5. Forward the proposal(s) for review and approval by your Mass Save HEAT Loan administrator listed by your electric utility or Cape Light Compact’s HEAT Loan Intake Form.
  6. Once approved you will receive a HEAT Loan Authorization Form.
  7. Finalize the loan with a participating lender and obtain two-party checks.
  8. Measures are installed and Mass Save conducts a post-installation inspection on the installed improvements.

The loans are available up-to $50,000 (depending on utility) with terms up-to 7 years.

Eligibility

Incentive available for residential customers occupying a 1-4 family home participating in the Mass Save home energy assessment program. Some restrictions may apply. Offer subject to change without notice.

Loan Questions?






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Reviews

friendly staff made process simple & fast

5

Olga from Hanscom Beverly helped our family get the MassSave financing we needed quickly to upgrade our old gas-fired furnace to a new super efficient combi unit. She made the process quick and easy and now we want to look into a Home Equity Line of Credit to help us continue to finance our home improvements. Olga is awesome!

Beverly, MA

Mass Save Loan Program

5

Tara, in your Bedford location, was extremely professional, pleasant, and very helpful.

Worcester

Everything was great

5

The woman who helped me through the process was extremely helpful.

Lexington, MA

Review

5

I've always found Hanscom Federal Credit Union to be great to work with. It's an easy and quick process to get loans approved and people are very nice.

Boston, MA

Cordial professionalism

5

Simply very satisfying. Easy, prompt and cordial. Well explained and very timely dealings. Feel like to do many more dealings and enhance the relationship with Hanscom

Upton, MA

On line got me confused. Great service when get a person.

5

Did everything on the phone quickly. Great service once you reach a live person. Skip the on line.

Canton, MA

fast and easy

5

None

Foxboro ma

Mass Save Loan Review

5

Great job.

winchester, MA

Simply wonderful

5

H

Chicopee, ma

Great service! Helpful staff.

5

Great service!

Waltham

Mass Save� Loan Program Reviews

4.8 135

98.0

*APR = Annual Percentage Rate. Incentive available for residential customers occupying a 1-4 family home participating in the Mass Save home energy assessment program. Some restrictions may apply. Offer subject to change without notice.