be_ixf;ym_201910 d_22; ct_50

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?






Security
  captcha code for visual authentication  letter R number 2 letter K number 3

Reviews

Very quick and easy. Great people to work with!

5

Great people to work with, the Mass Saves loan process was simple and they also saved me money on my car loan.

Dover Ma

true

super easy

5

hanscom made it super easy to get mass save loan. its incredible deal and for me it was a no brianer. thanks mass save

woburn Ma

Best lender for Mass Save loans

5

From the online application process to loan approval and closing, Hanscom was great. Hanscom's customer service is far superior to other lenders who offer Mass Save loans.

Newton, MA

true

Professional and easy

5

We worked with a nice lady from the Natick office who was very patient and helped us through the process. The online document signing saved us a lot of time.

Metrowest, MA

true

Great experience...user friendly process and quick processin

5

Great experience—-user-friendly application and quick processing.

MA

true

Easy

5

Olga is fantastic! That personalized experience I never get at the big banks!

Hamilton, MA

true

Wonderful experience, highly recommend to anyone.

5

What a great and personable experience... highly recommend to anyone. Thinking about switching banks and becoming client for life. Not just a credit union, it's a credit union when personal stories matter. Thank you.

Holliston, MA

true

Awesome service

5

Heat loan. Great service

Boston

true

Very helpful

5

I had a few questions and made a few mistakes, but the Hansom person was helpful, patient and supportive.

Natick

true

Great service

5

Great service

Brockton mass

true

Mass Save� Loan Program Reviews

4.9 207

99.4

*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.