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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?

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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


Great experience


This is the second time I've used Hanscom for a loan. The ease of applying made the whole experience nothing but positive. I would use them again and recommend to friends.



As usual, loan process was streamlined and easy


Always great to work with HFCU. They follow up and make it easy.



Great service


Excellent service

Hopkinton, MA


Back to personalized banking


I was looking for two things: 1) secure Massave Heat Loan financing 2) find a local bank/credit union to do business with. The short of it is that I was able to find both in Hanscom. I was also hoping to secure a personal loan as opposed to a second mortgage or equity line to pay for an unanticipated heating system replacement. Given that cold weather was upon us, I needed to move quickly through the process. The application process was simple and streamlined through their online system. The loan officer Ashley guided us along the way and made it both simple and personalized. I then had to switch contractors In the middle of the process. What could have been a stressful situation turned out to be a pleasant experience. I look forward to continuing to work with Hanscom FCU. Their approach to customer service definitely pays off as this was a key factor in making our experience a positive one.

Berlin MA


Fast and easy great staff


Hanscom is the best



Quick and easy!


Could not have been easier. I sent the information to the branch manager by email and went into the office to complete the process. Walked out with the check to give the company installing the furnace.

Boston, MA


Fast and easy


Very simple process, quick approval and dispersement of the funds. Great customer service.

Worcester MA


Fast and easy she new just what to do


I took my authorization form in the Brockton Branch, I was help by Brenda It was a day process on the loan. Service was quick and done right the first time Thank you

Randolph MA


Mass Save� Loan Program Reviews

4.9 226


*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.