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

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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Fast, easy and friendly!

5

Have nothing but good things to say about HFCU!

Boston, MA

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Fast,easy

5

This is our second mass save loan We also have a truck loan Great customer service!!!

Ayer Massachusetts

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Very friendly and helpful

5

I would recommend using them for your loan. They were quick to answer questions.

North Billerica, MA

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Very easy and straightforward from beginning to end.

4

Very easy from beginning to end. Handled completely on line (plus one phone call).

Southborough MA

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Easy process

5

Easy process, quick approval!

Rockport MA

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Great value

5

Hanscom Credit Union is definitely one of the best lending institution. Megala was on point with everything that I ever need for the loan process.

Randolph, MA

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Easy, Fast, Great Experience

5

Had a very easy experience applying for a Mass Save Heat Loan with Hanscom Federal Credit Union. Eric B. was extremely helpful with the process. I highly recommend using this credit union for any banking services.

Woburn, MA

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Mass Save� Loan Program Reviews

4.8 161

99.1

*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.