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

great experience

5

great experience, the loan was processed very quickly and with a very friendly loan officer. I recommend using them

bellingham ma

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Mass Home Energy Loan

5

Went to the Littleton Branch- excellent customer service and follow up. Easy process. Confidence in the people I met.

Acton

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Quick and Easy Mass Save HEAT Loan

5

Online application and approval process could not have been easier. Received our checks quickly so work could begin ASAP. Highly recommend.

Norfolk, MA

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Fast and Easy

5

Ms Shining( spelling?) could not have been more helpful and responsive. She answered several questions in a timely manner and never made me feel that any question was too small.

Medway MA

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Great Service

5

Great service! Very satisfied and would recommend to others.

MA

true

Superb Service

5

I was working with Mass Save and it was getting confusing. Knowing I would have to eventually contact HFCU I made and early call to a trusted, reliable contact, Julie G. Julie guided me through the process . Once we had the Mass Save authorization form in our hands we turned it over to Julie and we had our approval within 24 hours. HFCU and in particular, Julie are always there to provide assistance and help you get through some of the red tape.

Saugus, Ma.

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Happy Customer

5

Great follow thru with I had a question

Massachusetts

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Credit Unions are better than banks - Proved again and again

5

Helen and Ronda are great. Verified all my documents submitted and processed my MassSave loan very quickly. Nice people to work with.

Lexington, mA

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Great experience

4

Billerica Branch

Hanscom AFB, MA

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Welcoming

5

Ms Batu went out of her way to make this as easy as possible.

Natick MA

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Mass Save� Loan Program Reviews

4.8 147

99.0

*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.