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

Excellent Experience

5

Every person we met was helpful and knowledgable. The application was processed in a timely manner and there was good communication via email for any questions that came up. I would highly recommend the Hanscom Federal Credit Union.

Wayland, MA

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Excellent

5

This was the easiest loan i've ever gotten. I called to get prequalified for the heat loan and was connected immediately to Carol, the loan officer. She checked my credit, qualified me for the loan, answered my questions and emailed me the forms to sign in less than 10 minutes. I signed the 2 simple documents and emailed back to her. Turns out i missed 1 signature line, but she got back to me on that immediately and once i corrected that piece she emailed right back and said i was all set. I had my loan check in my mailbox less than 48 hours later. Could not have been easier!

Maynard, ma

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Great Service

5

I had great service. Every question I had was answered thoughfully and quickly.

Framingham, MA

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Friendly and helpful!

5

Helene and Sara mad getting our mass save loan so easy! They were so helpful and prompt!

Monterey, MA

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Fast and easy

5

This is my second loan from Hanscom, and both experiences have been great. I love the convenience of applying online and direct, personal communication with a rep afterwards. I never had to come to a physical branch, but felt well cared for.

Natick, ma

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Representives were efficient

5

I found that all HFCU representatives were efficient and pleasant

Medford, MA

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Quick and easy to open and account of get the Mass Save loan

5

It took us just over a week to open an account to picking up our checks for the Mass Save loan and everything, other than the check pickup was done online or over the phone. Would highly recommend

Boston, MA

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Excellent

5

easy, quick and very helpful service after. they answered all my questions and walked me through the whole process. will consider them for future needs.

marlborough, ma

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Wonderful Customer Service

5

Ronda and Lauren helped and guided me through every aspect of my loan application process. This was my first time taking out a loan and I knew nothing. They were kind and patient with my lack of knowledge. They were utterly professional and courteous walking me through each step of my application and the steps necessary once my application was complete. You at Hanscom have two very valuable employees. I sincerely look forward to doing business with Hanscom again.

Natick, MA

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Great service and easy to apply and get a response

5

they were fast and i got approved right away.

marlborough, ma

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Mass Save� Loan Program Reviews

4.8 168

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.