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Ultimate Guide to Mass Save HEAT Loans

by | Mar 1, 2023 | 0 comments

Mass save heat loans are incredible

If you’re a Massachusetts resident looking to make energy-efficient upgrades to your home, the Mass Save Heat Loan program is an excellent option for you. There is frankly no reason not to use the program. This program provides 0% interest subsidized loans to help homeowners finance the cost of qualifying energy-efficient equipment, making it more affordable to upgrade your home and reduce your energy bills.

What are the terms of a Mass Save Heat Loan?

  • Up to $50,000 loans for heat pumps and $25,000 for all other energy efficiency upgrades
  • 0% interest rate for the life of the loan!!!
  • Up to 7-year loan terms

How to Get a Mass Save Heat Loan in Massachusetts

To be eligible for a Mass Save Heat Loan, you must meet the following criteria:

  1. You must be a Massachusetts resident who owns a one-to-four-family residence.
  2. You must have an energy assessment performed by a Mass Save energy specialist. This assessment will help identify areas of your home where you can make energy-efficient upgrades and save money on your energy bills.
  3. You must work with a Mass Save approved contractor to install the energy-efficient equipment you’ve selected. The contractor must be approved by Mass Save to participate in the program.
  4. You must apply for a Mass Save Heat Loan through a participating lender.

Once you’ve met these criteria, you can apply for a Mass Save Heat Loan through a participating lender. The loan application process is straightforward, and you’ll typically receive a response within a few business days.

What Equipment Qualifies for a Mass Save Heat Loan?

The Mass Save Heat Loan program covers a wide range of energy-efficient equipment, including:

  1. Heating systems, such as furnaces, boilers, and heat pumps.
  2. Water heaters, including tankless and heat pump water heaters.
  3. Central air conditioning systems.
  4. Insulation and air sealing.
  5. Energy-efficient windows and doors.
  6. Solar panels and other renewable energy systems.

To qualify for the Mass Save Heat Loan program, the equipment you install must meet specific energy efficiency standards. These standards vary depending on the type of equipment you’re installing and the fuel type you’re using. Call Colt Home Services for help in selecting equipment that meets these standards. You won’t qualify for the loan if you have the wrong equipment installed.

Let Us Help You Get a HEAT Loan

If you are a Massachusetts resident looking to make energy-efficient upgrades to your home, the Mass Save Heat Loan program is an amazing option. By providing low-interest loans to help finance the cost of qualifying energy-efficient equipment, this program makes it easier and more affordable to upgrade your home and reduce your energy bills. Call us today to ensure that the equipment you install meets the program’s energy efficiency standards.

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