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.