Mass Save® HEAT Loan

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 $25,000 for the installation of insulation, heating systems, hot water and more. Up to $50,000 is available with the installation of air source and ground source heat pumps.

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

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  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.
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  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.
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  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
  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

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  Step 4: Complete the upgrade(s). To pay your contractor, simply sign over the bank check. 
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  Step 5: Apply for a rebate. Visit MassSave.com/savings to apply for any available rebates.
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  Step 6: Complete your verification inspection. Call 866-527-SAVE for details on completing this required verification.