Comfort takes on a whole new meaning with 0% APR1,2 financing for energy-efficient home improvements.
- 0% APR1,2 Available
- Quick Decisions
- Local Processing
- Interest rates as low as 0% APR1,2
- The following are the HEAT Loan Eligible Services available for funding:
- Heating System Replacement
- Water Heaters (including solar options)
- Central Air Conditioning and Heat Pumps
- Insulation & Replacement Windows
- Loan amounts available up to $25,000 (depending on utility)
- Loans over $15,000 must be secured by the borrowers' home
- For qualified owner-occupied residences and rental property
- If you’re condo owner other requirements apply
- Available for customers of Berkshire Gas, Blackstone Gas Company, Cape Light Compact, Columbia Gas, Eversource, Liberty Utilities, National Grid, and Unitil.
- Note: If you live in a municipal town, you must heat your home with National Grid or Eversource Gas (not eligible for electric cooling measures), you must own a one-to-four-family residence located in Worcester County, obtain a Mass Save Home Energy Assessment, and install qualified energy efficiency measures recommended by a Mass Save representative.
- Must schedule a Mass Save Home Energy Assessment
- Obtain a Mass Save Authorization Form
- Mass Save Eligible Upgrades
- Mass Save Limited Time Expanded Offerings
- Mass Save rebates and incentives
Program subject to change, visit masssave.com for most up to date information.
- Must sign up for a Home Energy Assessment from an authorized Mass Save program vendor.
- 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.
- Obtain written contractor price proposal(s) for the installation of the improvements.
- Forward the proposal(s) for review and approval to your Mass Save HEAT Loan representative along with the HEAT Loan Intake Form.
- Once approved you will receive a HEAT Loan Authorization Form.
- Finalizes the loan and obtain two-party checks.
- Measures are installed and Mass Save representative conducts a post-installation inspection on the installed improvements.
- After satisfactory inspection, sign check over to contractor and any additional rebates are processed.
1 APR = Annual Percentage Rate (APR). Monthly payment based on a loan amount of $5,000.00 at 0.00% APR and a repayment term of 84 months is $59.52. Maximum unsecured loan amount $15,000.00. All loans subject to meeting Mass Save Heat Loan Program guidelines. Heat Loan Program requires a Home Energy Assessment from a Mass Save Energy Specialist; to schedule your assessment call 866.527.7283. Financing is subject to credit approval. Additional terms and conditions may apply.
2 APR=Annual Percentage Rate (APR). Monthly payment based on a loan amount of $25,000.00 at 0.00% APR and a repayment term of 84 months is $297.62. Minimum secured Heat Loan amount $15,000.01. All loans subject to meeting Mass Save Heat Loan Program guidelines. Heat Loan Program requires a Home Energy Assessment from a Mass Save Energy Specialist; to schedule your assessment call 866.527.7283. Offer applies to 1-4 family residences only. Condominiums must be Fannie Mae approved. Not available for homes currently for sale or intended to be sold within 6 months of closing. Maximum closing costs of $350.00 will apply. Financing is subject to credit approval. Additional terms and conditions may apply.
All Mass Save® Program Details are subject to change.