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Make check deposits 24/7 from your mobile device or computer. Learn moreMass Save Heat Loan Program
Mass Save Heat Loan - 0% Interest Loan
Mass Save Heat 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:
- 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
- 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.
- 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.
- Obtain pre-approval from a participating lender if you choose.
- Obtain written contractor price proposal(s) for the installation of the improvements.
- 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.
- Once approved you will receive a HEAT Loan Authorization Form.
- Finalize the loan with a participating lender and obtain two-party checks.
- 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.
Reviews
REVIEW SNAPSHOT®
by PowerReviews(based on 93 reviews)
Ratings Distribution
5 Stars
(79)
4 Stars
(10)
3 Stars
(1)
2 Stars
(1)
1 Stars
(2)
98%
of respondents would recommend this to a friend.
Ratings Distribution
5 Stars
(79)
4 Stars
(10)
3 Stars
(1)
2 Stars
(1)
1 Stars
(2)
Pros
Cons
Best Uses
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- Ease of applying:
Reviewed by 93 customers
Displaying reviews 1-10
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Easiest Loan Ever
By Clive
from Carlisle, MA
Comments about HFCU Mass Save� Loan Program Reviews:
We were able to take our MassSave Loan approval to HFCU. We applied online. We exchanged all documents online. We got approved and they mailed us a check. We never even had to visit the branch. Just excellent!
- Loan process and service:
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- Value, rate & terms:
- Ease of applying:
Bottom Line Yes, I would recommend this to a friend
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Great experience
By PAUL C
from Hanscom AFB
Comments about HFCU Mass Save� Loan Program Reviews:
.
- Loan process and service:
- Approval time:
- Value, rate & terms:
- Ease of applying:
Bottom Line Yes, I would recommend this to a friend
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quick
By shopper
from quincy ma
Comments about HFCU Mass Save� Loan Program Reviews:
communication
- Loan process and service:
- Approval time:
- Value, rate & terms:
- Ease of applying:
Bottom Line Yes, I would recommend this to a friend
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Exceptional Service
By Christopher
from Salem, MA
Comments about HFCU Mass Save� Loan Program Reviews:
I was recommended to the Hanscom Federal Credit Union through the Mass Saves program. Everyone I dealt with at HFCU was knowledgeable, professional and a pleasure to deal with. I would definitely recommend HFCU to friends and family!
- Loan process and service:
- Approval time:
- Value, rate & terms:
- Ease of applying:
Bottom Line Yes, I would recommend this to a friend
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Great value. easy to apply
By george
from brockton
Comments about HFCU Mass Save� Loan Program Reviews:
employees were very helpful
- Loan process and service:
- Approval time:
- Value, rate & terms:
- Ease of applying:
Bottom Line Yes, I would recommend this to a friend
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Delightful experience
By Lainey and Elliot
from Natick, MA
Comments about HFCU Mass Save� Loan Program Reviews:
Sara K was efficient, knowledgeable and so helpful in making the loan process stress-free! We felt HFCU was our partner every step of the way!
- Loan process and service:
- Approval time:
- Value, rate & terms:
- Ease of applying:
Bottom Line Yes, I would recommend this to a friend
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Loan process
By Emjay
from Bedford, MA
Comments about HFCU Mass Save� Loan Program Reviews:
Jane from the Bedford branch was helpful, prompt, professional, and made the borrowing experience seamless. She was also a great communicator and the loan went through smoothly.
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- Approval time:
- Value, rate & terms:
- Ease of applying:
Bottom Line Yes, I would recommend this to a friend
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Great service but tricky website and poor online support
By Penzmum
from Boston, MA
Comments about HFCU Mass Save� Loan Program Reviews:
Being able to apply on line was super, in theory. I had to stop midway in the online process and could not get timely help to address my problem.
The program seemed to be hung where I stopped and saved it. There was no way to go forward or start from the beginning. I called the 800 help number and they were not helpful. Some said someone would call back and it was day's later, when I was working on other things and could not take their call. Eventually, in frustration, I walked in an HFCU physical branch and met someone who was able to complete the online loan process for me. To be honest, that was my last hurrah. If that hadn't worked, I was planning g to apply via another bank.
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Bottom Line Yes, I would recommend this to a friend
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Great rates and easy automatic pay system
By Shelley
from Plymouth
Comments about HFCU Mass Save� Loan Program Reviews:
Although our loan officer was most helpful, I thought the process unnecessarily long, given the fact that we have a high credit score and are already a member of this credit union.
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- Value, rate & terms:
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Bottom Line Yes, I would recommend this to a friend
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Great experience to dat
By Dan
from Boston, MA
Comments about HFCU Mass Save� Loan Program Reviews:
Overall process went well
- Loan process and service:
- Approval time:
- Value, rate & terms:
- Ease of applying:
Bottom Line Yes, I would recommend this to a friend
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Displaying reviews 1-10
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Replacing a Furnace? A MassSAVE Home Energy Assessment can help.
Make Your Home Green and Save Green
*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.