MassSAVE

HEAT Loan Program

The HEAT Loan Program provides consumers the opportunity to apply for a 0% loan from Hanscom FCU to assist members with the installation of qualified energy efficient improvements in their homes.

Improvements that qualify: 

• Attic, Wall, and Basement Insulation
• High Efficiency Heating Systems
• High Efficiency Domestic Hot Water Systems
• Solar Hot Water Systems
• 7 Day Digital Programmable Thermostats
• ENERGY STAR^® Qualified Replacement Windows

How It Works

1. Customer must sign up for a Home Energy Assessment from an authorized MassSave vendor.
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 MassSave 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 MassSave conducts a post-installation inspection on the installed improvements.

The loans are available up-to $25,000 (depending on utility) with terms up-to 7 years.

To apply for the loan, the consumer must own and reside in a one to four family residence and obtain a MassSave Home Energy Assessment.

Forms and Documents

1. Steps for HEAT Loan Program and Minimum Standards for HEAT Loan Program.
2. Call (800) 632-8300 to schedule a free home energy assessment.

Eligibility

Incentive available for residential customers occupying a 1-4 family home participating in the MassSave home energy assessment program. Some restrictions may apply. Offer subject to change without notice