Mass Save Heat Loan Program

Mass Save 0% Interest Loan 

Overview

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: 

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

REVIEW SNAPSHOT®

by PowerReviews
HFCUMass Save� Loan Program Reviews
 
4.7

(based on 62 reviews)

Ratings Distribution

  • 5 Stars

     

    (52)

  • 4 Stars

     

    (7)

  • 3 Stars

     

    (0)

  • 2 Stars

     

    (1)

  • 1 Stars

     

    (2)

92%

of respondents would recommend this to a friend.

Pros

No Pros

Cons

No Cons

Best Uses

No Best Uses
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Reviewed by 62 customers

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4.0

Easy processing and helpful loan officer

By 

from Boston MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

I could have gone to a local bank but I already had a car loan with HFCU. I was able to process everything remotely and it was seamless!

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5.0

The way it should be

By 

from Gloucester

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Hanscom FCU very obviously puts a premium on service, and it shows. Every aspect of the loan process was straight forward and convenient.

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5.0

Attentive, helpful, friendly

By 

from Charlton

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Thank you for your help with the Home Heat Program by MassSave.

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5.0

Easy loan process

By 

from Halifax MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

It was so easy to apply for a MassSave loan online. They responded quickly and helped me with the proper paperwork needed to secure the loan.

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5.0

Very Convenient and easy process

By 

from Boston

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

I used the branch located at the JFK Federal Building in Boston Ma. I received excellent service!!!

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5.0

Excellent

By 

from Melrose Ma

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

I would highly recommend HFCU. Sarah from Boston was so helpful and kind to me and she really helped me with my loan application. Many thanks!

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5.0

Stellar service

By 

from Somerville, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Staff were helpful, efficient, and professional

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5.0

Easily done over the phone

By 

from Boston, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Very helpful & efficient process. I got a Mass Save Loan & was referred to Hanscom by the dealer I used for replacing an air conditioning system.

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5.0

Great value, fast and easy to apply

By 

from Boston, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Excellent service and great experience at the Natick branch.

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5.0

Fast & Easy

By 

from Oxford

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

I have had nothing but great customer service from this bank. Applying for my loan was super easy and quick. Lori & Elizabeth were great! I've already recommended this bank to some of my customers.

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*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.