Mass 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: 

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
 
4.8

(based on 114 reviews)

Ratings Distribution

  • 5 Stars

     

    (97)

  • 4 Stars

     

    (13)

  • 3 Stars

     

    (1)

  • 2 Stars

     

    (1)

  • 1 Stars

     

    (2)

98%

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 114 customers

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5.0

Fast & Easy

By 

from Gloucester

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Very fast and friendly people.

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5.0

Great

By 

from Holbrook, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

I never received a loan that easily. That was a first and the Hanscom agent who helped me, Collin, was fabulous.

 
5.0

Glad I went with Hanscom

By 

from Boston, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Shinni was great throughout the process.

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5.0

Our loan officer went above and beyond!

By 

from Worcester, Ma

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Hanscom Credit Union was easy to work with, very responsive. They worked with us until and made our loan a reality. We are thankful to Sunita B. for her support and flexibility.

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5.0

Excellent Experience

By 

from Tyngsboro, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Flawless, quick and easy, Carol B. was a delight to work with. Thank you!!!

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4.0

Good value

By 

from Dedham, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

I am satisfied with the services provided on my home. I like the new technology of the new heating equipment installed.

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5.0

Fantastic, speedy, lightweight process.

By 

from Cambridge, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Super friendly team that very rapidly responded to my request for a MassSave loan. I had a check in hand within a couple weeks.

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5.0

It was fast and easy

By 

from Brockton Mass

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Staff was nolegeble

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5.0

Great investment

By 

from Haverhill ma.

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Great !

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4.0

Great Value

By 

from Natick, Ma.

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

The Loan Representative worked hard to process the loan, she was very polite and did the very best she could. Regrettably she lacked english language skills which resulted in some communication difficulties which extended the loan application period and the ease of completing this loan.

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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.