Mass Save HEAT Loan Zero Interest Financing for 2011

Description

The HEAT Loan Program provides customers the opportunity to apply for a 0% loan from participating lenders to assist with the installation of qualified energy efficient improvements in their homes. The loans are available up to $25,000 (depending on utility) with terms up to 7 years. To apply for the loan, the customer must own a one-to-four-family residence and obtain a Mass Save Home Energy Assessment.

Energy Efficiency Improvements Eligible for the HEAT Loan Program:
  • 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

Required Steps

 

How It Works
  1. Customer must sign up for a no cost Home Energy Assessment from an authorized Mass Save vendor.
  2. A Mass Save 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 eligibility 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. Customer applies for the loan with a participating lender.
  8. Once customer obtains an approval from a lender the funds will be provided in the form of two party checks.
  9. Measures are installed and Mass Save conducts a post-installation inspection on the installed improvements.
Finding Lenders

Visit Mass Save’s participating lender list to find a lender.

Documents
  1. Minimum Standards for HEAT Loan Program 
  2. Steps for HEAT Loan Program 

Please call (866) 527- 7283 to schedule a free home energy assessment in order to access this incentive.

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.

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