Mass Save® HEAT Loan0% Interest. 100% Easy.
From the attic to basement, we're here to help you with your home energy upgrades. The Mass Save® HEAT Loan offers zero interest financing opportunities up to $50,000* total for energy-efficient home upgrades. That includes up to $50,000 on the installation of air source and ground source heat pumps, and up to $25,000 for the installation of insulation, combustion heating systems, and more.
*Interest-free financing of up to $50,000 is only available to residential customers who are installing eligible heat pumps. For all other energy efficient upgrades, interest-free financing opportunities are available up to $25,000.
To learn more and get started, call 866-527-SAVE (7283). You'll receive guidance on programs and incentives available to improve the efficiency of your home and where financing can help. A site visit may be required. Once your energy efficiency improvement is identified as one eligible for the HEAT Loan, applying is easy.
How to Apply for a HEAT Loan
Step 1: Choose a contractor. Make sure to get a signed proposal from your chosen contractor on their official letterhead. The Sponsors of Mass Save recommend getting multiple quotes from licensed and insured contractors before choosing one. To find a participating contractor, click here.
Step 2: Complete and submit a copy of the Intake Form to your HEAT Loan Program Administrator. Include your signed contractor proposal and any additional required documentation. If your work meets program eligibility requirements, you will receive an Authorization Form.
Step 3: Secure the loan. Submit your completed Authorization Form to your selected participating lender. If approved, the lender will provide you with a two-party check made payable to you and your contractor(s). To view a complete list of participating lenders, click here. Lenders who are offering loans up to $50,000 are listed below.
Lenders who are offering loans up to $50,000 are listed below. Lender Owner Occupied $50k Loan Non-Owner Occupied $50k Loan Align Credit Union Yes No Alpha Credit Union Yes No Athol Savings Bank Yes No Bank Five Yes Yes Berkshire Bank Yes Yes BayCoast Bank Yes Yes Boston Firefighters Credit Union Yes Yes Cambridge Teachers Federal Credit Union Yes Yes Clinton Savings Bank Yes Yes Eastern Bank Yes Yes Energy Credit Union Yes No Franklin First Federal Credit Union Yes No Hanscom Federal Credit Union Yes No Homefield Credit Union Yes Yes Lexington MA Federal Credit Union Yes Yes Main Street Bank Yes No Martha's Vineyard Savings Bank Yes No Massachusetts Family Credit Union Yes No Mechanics Cooperative Bank Yes Yes Members Plus Credit Union Yes Yes Metro Credit Union Yes Yes Mill Cities Community Investments Yes Yes Mills42 FCUs Yes No MutualOne Bank Yes Yes Naveo Credit Union Yes Yes New Bedford Credit Union Yes Yes Pioneer Valley Federal Credit Union No No Plymouth County Teachers Federal Credit Union Yes No Shrewsbury Federal Credit Union Yes No St. Anthony of New Bedford Federal Credit Union Yes Yes Tremont Credit Union Yes No UMassFive College Federal Credit Union Yes Yes Worcester Community Housing Resources, Inc Yes Yes
Step 4: Complete the upgrade(s). To pay your contractor, simply sign over the bank check.
Step 5: Apply for a rebate. Visit MassSave.com/Rebates to apply for any available rebates.
Step 6: Complete your verification inspection. Call 866-527-SAVE for details on completing this required verification.
For Eversource and National Grid customers only, please click below to submit your HEAT Loan application online or check on its status.
For Cape Light Compact, Unitil Electric customers, and Liberty customers that live in municipal electric towns, please click below to submit your HEAT Loan Application online. If you have any questions or would like to check the status of your HEAT Loan, please contact RISE Engineering at 508-568-1926 (Cape Cod and Martha's Vineyard) or 800-422-5365 (all other areas).
- The HEAT Loan is available to qualified customers participating in the Mass Save Program.
- Loan applicant must be the homeowner.
- Residents must have a current residential electric account.
- Municipal electric customers can take advantage of the HEAT Loan offer if the home is heated with natural gas, provided by a Mass Save Program Sponsor.
- Financing is only available for qualifying energy-efficient improvements outlined within the HEAT Loan packet.
- Financing is contingent upon loan approval from a participating lender.