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 with Energy Saving Loan:

  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.


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?

  captcha code for visual authentication  letter Q number 9 letter J number 6


MassSave Interest Free Loan


Great experience! Easy to apply and heard back swiftly with approval. Also, received option to have money taken out of another bank (ACH). Great service.

Marlborough, MA


a good partner


fast, and convenient

Boston, MA


Awesome experience


From my 1st phone call to my loan signing and picking up the checks for the Mass Save heat loan I was treated like a member of the family. Any and all questions were answered with courtesy. Julie was subbing in the Billerica branch the saturday I went in to fill out paperwork and I'm so glad she was. I thought I had everything I needed but turns out I was missing 1 vital piece of info but they opened my account and pre-approved the loan until I went back the following thursday about 5 pm with the needed info and completed the transaction. It appears they weren't expecting me that day though because there was no file or checks ready but they got everything done while I waited & I walked out with the loan checks to pay my contractor with before they closed at 6! I am planning to transfer all my accounts there!

Billerica, Ma

Fast service in processing a MASS Save Heat Loan


HFCU provided prompt and friendly service in processing my loan application.

Billerica MA


Super personable & best rates!


So personable. Friendly is a rarity in the financial world, but was found here. and they had the best rates to boot! A little snag with website technical issues was the only hitch. Delighted to be a member now!

Central Mass


Very easy to work with. Very pleasant experience.


Very happy with my experience in getting a heat loan. Definitely going to look at them for an auto refi also!

Chicopee, MA


So easy


I have gotten a MassSave loan through HFCU before and it was a good experience then as well, but this time was particularly easy from beginning to end. Devon at South Bay was super friendly and responsive, and I loved that everything could be submitted online. He was very flexible with the terms and was able to get me to the monthly payment I wanted. And when it came time to pick up the check, LOVED the extended hours and days at the South Bay branch. Great experience all around.

Boston, MA


Downtown Boston


Great Service in Boston at the Court House branch. They were nice and very helpful. Very professional and kept in contact with me during my loan process from begging t to end.

Boston, Mass


Fast and Easy!


We applied for the loan and contacted the loan officer through email with necessary documentation. She promptly replied to emails and we got approved the same day and we had the check mailed to us and received it two days later. So fast and way!

Methuen, MA


Positive Loan Experience


I applied for a Mass Save loan to finance purchase of a heat pump and heat pump water heater. The loan application and approval process went very smoothly. Nancy at the Littleton office was very helpful in guiding me through the loan approval process.

Stow, MA


Mass Save� Loan Program Reviews

4.9 234


*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.