Mass Save Heat Loan: $25,000 at 0% Interest — Do You Qualify?

Описание: Are you a homeowner in Massachusetts looking to make energy-efficient home improvements? Liza from Endless Energy's finance team breaks down the Mass Save Heat Loan program, a 0% interest loan available to help you afford your projects.

What is the Mass Save Heat Loan?

It is a 0% interest loan that Mass Save offers up to $25,000 for any energy-efficient home improvements to help Massachusetts customers afford their projects.

Who is Eligible?

You are eligible if you are a homeowner in Massachusetts, including a single-family or a one-to-four-unit family home.

You need to have an electric or gas provider that is one of the Mass Save sponsors, such as Eversource, National Grid, Unatel, or Cape Cod Light. You must complete a home energy assessment with one of the contractors that works with Mass Save.

How to Apply:
First, schedule your home energy assessment with a participating contractor.

Once completed, the assessment will produce a heat loan intake form.

You can submit a Heat Loan Authorization Application through the Mass Save website portal. Mass Save would provide you an authorization form that you can take to any Mass Save participating bank.

Loan Details:

The loan conditions are 0% for up to 7 years, with a maximum amount of $25,000. Each loan is different depending on the financial institution you work with, as they have their own credit qualifications.

You can check if your bank participates in the Mass Save loan on their website. You can also find a participating lenders list on the Mass Save website.

Covered Systems and Improvements:

The systems covered under the loan are:
Heat pumps.
High-efficiency water heaters, as well as solar-powered water heaters.
Energy Star windows.
Weatherization work.
Air barrier weatherization work.
Smart thermostats and controls.

Need More Information?

The Mass Save website is a great resource for learning about the program and breaks down everything that has been discussed, as well as going into depth regarding rebates you will qualify for.

You can reach Endless Energy by phone at 508-501-9990 or visit us online at https://www.goendlessenergy.com

Most contractors who work with Mass Save should have all information regarding this program if they are a Mass Save contractor.

0:00 Introduction
0:22 Who is eligible for the Mass Save Heat Loan?
0:40 Requirements to qualify
0:47 How to apply — step by step
1:14 Loan details: 0% for up to 7 years, up to $25,000
1:48 How to find participating banks
2:04 What systems are covered?
2:30 Next steps with Endless Energy

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