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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

Awesome service

5

Heat loan. Great service

Boston

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Very helpful

5

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

Natick

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Great service

5

Great service

Brockton mass

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Exceptional Service

5

I was lucky to get Alberto to help me process my heat loan. He was great, easy to communicate with and went above and beyond making everything went smoothly. We continue to be extremely excited and happy with our accounts at HFCU!

Bedford, MA

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Fast and easy!

5

Very easy and moved quickly!

Shirley, MA

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MA HEAT Loan - Professional, Helpful and Easy

5

Judy was terrific. I was very pleased with Hanscom's staff from start to finish.

Boston MA

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Amazing service; approval in minutes.

5

The entire process from application to check took less than 2 hours. Quick, easy, stress free. Truly amazing service. HFCU is my new "go to" for banking and financial services.

East Sandwich, MA

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Kiplinger rated #1

5

Judy was wonderful and Hanscom has provided a consistently great customer experience!

Boston MA

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Mass Save Heat Loan done right

5

Obtaining a Mass Save Heat Loan from HFCU went smoothly and efficiently. It was done entirely on-line using the well designed website and forms. I also had the prompt and helpful assistance of Alix B. at Natick when I had questions. All in all a painless process.

Wellesley, MA

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Easy application, fast approval.... but too much junk mail!

4

Easy application, prompt responses from Hanscom FCU staff. However, I now get significant amounts of paper junk mail from Hanscom FCU, which really stinks. Would I still do it again? Probably.

ashland, ma

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Mass Save� Loan Program Reviews

4.8 200

99.3

*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.