Mass Save Heat Loan Program

Mass Save 0% Interest 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

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HFCUMass Save� Loan Program Reviews
 
4.7

(based on 51 reviews)

Ratings Distribution

  • 5 Stars

     

    (43)

  • 4 Stars

     

    (6)

  • 3 Stars

     

    (0)

  • 2 Stars

     

    (1)

  • 1 Stars

     

    (1)

Most Liked Positive Review

 

Mass Save and HELOC

I just want to recognize the fine service of Joanne at the branch in the Moakley Courthouse in downtown Boston. Since at least 2011, when I took out a home equity line of...Read complete review

I just want to recognize the fine service of Joanne at the branch in the Moakley Courthouse in downtown Boston. Since at least 2011, when I took out a home equity line of credit, Joanne has provided her services with such professionalism, friendliness, and patience. She made getting a Mass Save home heating loan very easy. Recently, I took out a new HELOC, and Joanne again made the process seamless. I was very grateful, because that HELOC has allowed me to pay off other bills with much higher interest rates. I'm grateful that she is at the branch at my workplace! I know my colleagues who do banking at this branch also appreciate her.

VS

Most Liked Negative Review

 

It would be nice if the left hand knew what the right was do

The entire experience felt very amateurish and painful. First we were denied for online application, but nobody could tell us why. Then we played email ping-pong with two employees, neither of whom seemed...Read complete review

The entire experience felt very amateurish and painful. First we were denied for online application, but nobody could tell us why. Then we played email ping-pong with two employees, neither of whom seemed able to talk to the other despite working in the same office. And now we have a loan that doesn't send bills or reminders - how hard is it to send a monthly electronic bill?

Reviewed by 51 customers

Displaying reviews 1-10

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5.0

Quick, easy, and painless MassSave Application

By 

from Arlington, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

From my first interaction with HFCU through having the checks to pay for a boiler replacement in-hand, everyone I've talked to at HFCU has been courteous and helpful. I've been working with Elicia at the Devens branch, and she has been an absolute pleasure to work with. She is knowledgable, responsive, and very clear about the requirements Mass Save requires. It's refreshing to have interactions with a bank or credit union that leaves you confident you're taken care of.

  • Loan process and service:
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  • Approval time:
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  • Value, rate & terms:
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  • Ease of applying:
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5.0

Mass Save and HELOC

By 

from Boston

Verified Buyer
Site Member

Comments about HFCU Mass Save� Loan Program Reviews:

I just want to recognize the fine service of Joanne at the branch in the Moakley Courthouse in downtown Boston. Since at least 2011, when I took out a home equity line of credit, Joanne has provided her services with such professionalism, friendliness, and patience. She made getting a Mass Save home heating loan very easy. Recently, I took out a new HELOC, and Joanne again made the process seamless. I was very grateful, because that HELOC has allowed me to pay off other bills with much higher interest rates. I'm grateful that she is at the branch at my workplace! I know my colleagues who do banking at this branch also appreciate her.

 
5.0

Mass Save Loan

By 

from Weymouth

Verified Buyer
Site Member

Comments about HFCU Mass Save� Loan Program Reviews:

Fantastic service. From the time I submitted the application to the time I received the checks in the mail was five total days. I would recommend Hanscom for any Mass Save loan you're going to take!

 
5.0

Review

By 

from Haverhill MA

Verified Buyer
Site Member

Comments about HFCU Mass Save� Loan Program Reviews:

I had an awesome stress dress experience with the financial institution the Hanscom Federal Credit Union during my heat loan applications with attentive listenings and problem solving techniques.Thank you all I will recommend you to families and friends in the future.....

 
5.0

MASS SAVE Loan

By 

from Westford

Verified Buyer
Site Member

Comments about HFCU Mass Save� Loan Program Reviews:

HFCU made things really easy for me. I am self employed which usually creates headaches when it comes to loans/financing. They were able to cut through all of the red tape and process the loan with no problems.

 
5.0

Mass save Loan

By 

from west Roxbury,ma

Verified Buyer
Site Member

Comments about HFCU Mass Save� Loan Program Reviews:

Belski is always the best in the bank and she has been helpful and fast in doing everything perfectly.

 
2.0

It would be nice if the left hand knew what the right was do

By 

from Burlington

Verified Buyer
Site Member

Comments about HFCU Mass Save� Loan Program Reviews:

The entire experience felt very amateurish and painful. First we were denied for online application, but nobody could tell us why. Then we played email ping-pong with two employees, neither of whom seemed able to talk to the other despite working in the same office. And now we have a loan that doesn't send bills or reminders - how hard is it to send a monthly electronic bill?

 
5.0

Fast and easy!

By 

from Wayland

Verified Buyer
Site Member

Comments about HFCU Mass Save� Loan Program Reviews:

Fast, easy, and everything is done online. Very future-forward and a pleasure to work with.

 
5.0

MassSave HEAT Loan

By 

from Framingham

Verified Buyer
Site Member

Comments about HFCU Mass Save� Loan Program Reviews:

This was one of the simplest banking transactions my wife and I have ever made. HFCU was extremely fast in closing this loan and could not have been more helpful through this entire process. Even though our loan was not the largest, HFCU still cared for us and treated us with the utmost respect. Thank you

 
5.0

0 interest loan for heating system

By 

from Boston, MA

Verified Buyer
Site Member

Comments about HFCU Mass Save� Loan Program Reviews:

This is a great Mass Save program. Allowed us to replace our 25 year old heating equipment with new energy efficient equipment and hot water. The application and approval process went without a hitch & we now have 8 years to pay back the loan with zero interest. How can you do better than that!

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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.