Zero-Interest Financing for Energy Efficiency Improvements
The Mass Save® HEAT (Home Energy Assessment and Transformation) Loan program offers Massachusetts homeowners up to $25,000 in zero-interest financing for qualifying energy efficiency home improvements. This innovative program, sponsored by Mass Save® program partners, makes it affordable to upgrade your home's energy performance without upfront costs.
HEAT Loan Key Benefits:
- • 0% interest rate - No interest charges ever
- • Up to $25,000 financing available
- • Flexible repayment terms
- • Combine with Mass Save® rebates for maximum savings
- • No-cost home energy assessment included
- • Professional installation by certified contractors
HEAT Loan Program Overview
Zero-Interest Financing
Borrow up to $25,000 with 0% interest for qualifying energy improvements
Comprehensive Upgrades
Fund multiple energy efficiency improvements in a single loan package
Mass Save® Integration
Seamlessly combines with rebates and incentives for maximum savings
Eligible Improvements & Financing
Weatherization & Insulation
Foundation improvements for maximum energy savings
- • Attic insulation upgrades
- • Wall insulation (dense pack)
- • Basement and crawl space insulation
- • Comprehensive air sealing
- • Windows and door improvements
- • Ductwork sealing and insulation
- • Thermal bridging solutions
- • Pre-weatherization health and safety upgrades
Heat Pump Systems
High-efficiency heating and cooling solutions
- • Air source heat pumps (ductless and ducted)
- • Ground source (geothermal) heat pumps
- • Heat pump water heaters
- • Hybrid heat pump systems
- • Smart thermostats and controls
- • Ductwork modifications for heat pumps
- • Electrical upgrades for heat pump installation
- • Backup heating system integration
Solar & Energy Storage
Renewable energy and backup power solutions
- • Solar battery storage systems
- • Battery backup for essential loads
- • Smart energy management systems
- • Grid-tie and off-grid capabilities
- • Integration with existing solar panels
- • Emergency backup power solutions
- • Time-of-use optimization
- • Electric vehicle charging preparation
HEAT Loan Eligibility Requirements
Who Qualifies for HEAT Loan Financing?
Homeowner Requirements:
- ✓ Current residential electric account with participating utility
- ✓ Customers of Eversource, National Grid, or Unitil
- ✓ Owner-occupied primary residence in Massachusetts
- ✓ Completion of Mass Save® home energy assessment
Loan Approval Process:
- ✓ Credit approval from participating lender
- ✓ Verification of income and employment
- ✓ Property ownership documentation
- ✓ Energy improvement recommendations from assessment
Important: A no-cost Mass Save® home energy assessment is required before applying for HEAT Loan financing to determine eligible improvements and rebate opportunities.
Loan Terms & Benefits
HEAT Loan Terms
Loan Amount
Up to $25,000 per eligible property
Interest Rate
0% interest - No interest charges for the life of the loan
Repayment Terms
Flexible terms up to 7 years depending on loan amount
Application Fee
No application fees or prepayment penalties
Additional Benefits
Mass Save® Rebates
Combine loan with rebates to reduce total project cost significantly
No-Cost Assessment
Professional evaluation and energy-saving product installation included
Certified Contractors
Work with BPI-certified professionals for quality installation
Energy Savings Guarantee
Documented performance results and ongoing support
HEAT Loan Application Process
Schedule Assessment
Book your no-cost Mass Save® home energy assessment
Receive Recommendations
Get personalized improvement plan with HEAT Loan eligibility
Apply for Financing
Complete loan application with participating lender
Professional Installation
Certified contractors complete energy improvements
Start Saving
Begin enjoying lower energy bills and increased comfort
Maximizing Your Savings
HEAT Loan + Mass Save® Rebates = Maximum Savings
The HEAT Loan program is designed to work seamlessly with Mass Save® rebates and incentives, allowing you to finance the remaining costs after rebates at 0% interest.
Example: Insulation Project
$8,000 project - $6,000 rebate = $2,000 financed at 0% interest
Example: Heat Pump System
$20,000 project - $8,000 rebate = $12,000 financed at 0% interest
Example: Comprehensive Package
$35,000 project - $15,000 rebate = $20,000 financed at 0% interest
Why Choose Econova for HEAT Loan Projects
HEAT Loan Expertise
Customer Support
Financing Guidance
Help you understand loan terms and application process
Seamless Installation
Professional installation with minimal disruption
Ongoing Support
Post-installation support and performance verification
Quality Guarantee
Satisfaction guarantee on all HEAT Loan projects
Frequently Asked Questions
Is the 0% interest rate really permanent?
Yes, the HEAT Loan offers true 0% interest for the entire loan term. There are no introductory rates or interest rate increases over time.
Can I combine the HEAT Loan with Mass Save® rebates?
Absolutely! The HEAT Loan is designed to work with Mass Save® rebates. You receive rebates first, then finance the remaining costs at 0% interest.
What credit score is required for HEAT Loan approval?
Credit requirements vary by lender, but the program is designed to be accessible to homeowners with fair to excellent credit. Contact us to discuss your specific situation.
How long does the application and approval process take?
After your energy assessment, loan approval typically takes 1-2 weeks. Installation can usually begin within 30 days of approval, depending on project complexity.
What happens if I sell my home before the loan is paid off?
The remaining loan balance becomes due at the time of sale. However, energy efficiency improvements typically increase home value, which can offset the remaining balance.
Ready to Finance Your Energy Efficiency Improvements?
Start with a No-Cost Energy Assessment
The first step to accessing HEAT Loan financing is scheduling your no-cost Mass Save® home energy assessment. We'll evaluate your home, identify eligible improvements, and help you navigate the financing process.
Program Information & Disclaimer
HEAT Loan financing is subject to credit approval by participating lenders and program availability. Loan terms, interest rates, and program details are subject to change. Eligible improvements must be recommended through a Mass Save® home energy assessment. Not all improvements may qualify for financing. Econova is an independent contractor participating in Mass Save® programs and can assist with the HEAT Loan application process.