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

REVIEW SNAPSHOT®

by PowerReviews
HFCUMass Save� Loan Program Reviews
 
4.8

(based on 75 reviews)

Ratings Distribution

  • 5 Stars

     

    (65)

  • 4 Stars

     

    (7)

  • 3 Stars

     

    (0)

  • 2 Stars

     

    (1)

  • 1 Stars

     

    (2)

96%

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 75 customers

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5.0

Outstanding!

By 

from Holliston, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Wish I had found HFCU many years ago! I have never experienced such a responsive team in finance. The turnaround time was unbelievable from application to approval. I look forward to doing business with you for years to come! Best regards.

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5.0

Excellent and great service.

By 

from Mass Surburd

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Cynthia is the best,, I can't imagine what my acceptance would be, without her professional skills.

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5.0

loan program was the way to go

By 

from Haverhill ma

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Worked with Stephanie she was very nice and informative about the process made it simple.

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5.0

Just what I needed

By 

from Blackstone, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

I discovered Hanscom Federal Credit Union when applying for the Mass Save Heat Loan. It came so highly recommended that it was the only one I researched! I found the online application process very easy to navigate and I got a phone call back the very same day. I appreciated the ease with which I was able to communicate with my loan representative, given that this was my first experience taking a loan. Sumita, my loan representative was so good about keeping me in the loop and answering all of my questions. This proved to be an easy and - dare I say - enjoyable process.

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5.0

Outstanding Service!

By 

from Dracut MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Once again, the service I received from Hanscom Credit Union was outstanding!

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5.0

Always the best!

By 

from Billerica, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

I'm always impressed with the service I get at HFCU.

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5.0

Very helpful

By 

from Rockland, Ma

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

HFCU was very helpful in this process.

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5.0

Hanscom Federal Credit Union

By 

from Sudbury, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

They gave me a Mass save heat loan. Could not have been easier !

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5.0

Great Experience

By 

from Reading, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

Since I was already a member of HFCU, I decided to apply for my MassSave HEAT loan with then as well. The process was straightforward and easy. I worked with Colleen at the Bedford branch and she was great, very responsive and helpful. I would definitely recommend HFCU as they're a reliable institution with personal service.

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5.0

Amazing service

By 

from Quincy, MA

Verified Buyer

Comments about HFCU Mass Save� Loan Program Reviews:

My experience with Hanscom has been one of the best banking experiences I have ever had. Elicia assisted me with the loan process and she was thoughtful, helpful and so nice. She addressed all of my questions and concerns when they came up. And made the process so easy.

I am really glad I have the opportunity to be part of the Hanscom community.

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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.