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 receive a Mass Save Heat Loan, you must follow the following process exactly:
- You must get a Mass Save Home Energy Assessment from one of our energy specialists. Use this link to schedule your assessment online now. This assessment will help identify areas of your home where you can make energy-efficient upgrades and save money on your energy bills.
- After your Home Energy Assessment you will receive a Heat Loan Intake Form from your energy specialist. With that form, go to the program administrator website at MyHeatLoan.com and submit your Intake Form along with your signed contractor proposal. You will then receive an Authorization Form.
- You will then submit your Authorization Form to your selected participating lender. Once approved, the lender will provide you with a two-party check made payable to you and your contractor.
- Finally, to pay your contractor, simply sign over the bank check.
If you have any questions about this process, don’t hesitate to give us a call.
What Equipment Qualifies for a Mass Save Heat Loan?
The Mass Save Heat Loan program covers a wide range of energy-efficient equipment, including:
- Heating systems, such as furnaces, boilers, and heat pumps.
- Water heaters, including tankless and heat pump water heaters.
- Central air conditioning systems.
- Insulation and air sealing.
- Energy-efficient windows and doors.
- 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.
