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

Smooth and simple

5

Very easy.

Cambridge

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great support

5

great customer service

north easton mass

true

great service fast and easy

4

Great customer service

STONEHAM

true

MasSave Loan

5

Jessica at Hanscom really knows her stuff. She was efficient, helpful, and timely with everything.

Bedford MA

true

Quick and Easy!

5

Online application, approval within 24 hours and closed within another 24 hours ... they go as fast as you want to go! I didn't even need to go in to sign any paperwork, all electronic.

Medfield

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All Online!

5

Amazingly easy and entire process can be done remotely!

Millis

true

Great Experience

5

I have been dealing with Hanscom for 4 years. You could not ask for more knowledgeable personnel.They are willing to work with you and explore every option that would benefit your needs.

Newburyport,Ma

true

Excellent friendly service

5

Sara the young woman who worked with me on this Mass Save Loan was so friendly and helpful. Much appreciated

Swampscott

true

Easy and quick

5

Hanscom FCU facilitated a MassSave interest free loan for me quickly and with ease. I was a bit worried because of the lead time on the MassSave side; however, once I had my authorization form, Patty in the Billerica branch helped close the loan in 2 days. While I do most of my banking online, it's always a pleasant experience when I do need to go into the branch for something. Everyone is so professional and courteous, always helpful and answering questions without feeling rushed.

Tewksbury, MA

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I'm very happy with the service

5

I'm very happy with the person that help me.

Lynn

true

Mass Save� Loan Program Reviews

4.8 181

99.2

*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.