Make Affordable Energy-Efficient Home Improvements
Apply for a Mass Save HEAT Loan
Invest in your home with improvements that support comfort and reliability. The Mass Save® HEAT Loan helps eligible homeowners finance qualified energy-efficient upgrades - with no interest 0% APR* - making it easier to move forward with projects.
NO-INTEREST
Mass Save Heat Loan
0% APR*
Key Features
-
0% APR*
No-Interest Loan -
No-Cost Home Energy Assessment
-
Energy-Efficient Home Upgrades
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As a participating lender, Monson Savings Bank offers no-interest Mass Save HEAT Loans on qualifying energy efficient home improvements, including:
- Mass Save Recommended Insulation Improvements
- Barriers to Insulation
- Boilers and Furnaces
- Water Heaters
- Heat Pumps
- ENERGY STAR. Certified Replacement Windows
- Energy-Efficient Thermostats
- Residential Batteries
Please visit MassSave.com/HEATLoan for more information.
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Eligibility
Mass Save HEAT Loans are available to customers of Berkshire Gas, Cape Light Compact, Eversource, Liberty, National Grid and Unitil.
Qualifications
To qualify for the loan, you must meet certain requirements.
Please visit MassSave.com/HEATLoan for qualification criteria.
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Monson Savings Bank is thrilled to help you make this investment in your home. Before applying with Monson Savings Bank, there are a few important steps you must complete first.
Schedule a no-cost Home Energy Assessment
Schedule a no-cost 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. They will provide you with a HEAT Loan Intake Form, program steps, and minimum standards and requirements. These are needs for steps moving forward.
Visit MassSave.com/HEATLoan
By visiting this webpage, you will be able to get started on the additional steps towards affordable home improvements.
Confirm eligibility, find a participating contractor, and complete your application on Mass Save.
At the end of the process with Mass Save, you will receive a HEAT Loan Authorization Form to complete.
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After you have completed the steps required by Mass Save, you can begin the loan application process with Monson Savings Bank to secure your loan. Please contact us if you have any questions.
Submit your HEAT Loan Authorization Form to Monson Savings Bank.
Submit your completed HEAT Loan Authorization Form to your Monson Savings Bank participating lender.
Submit your loan application to Monson Savings Bank.
Apply Online below, visit a branch location, or contact a knowledgeable lender to ask questions.
*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. All loans subject to meeting Mass Save HEAT Loan Program guidelines. HEAT Loan Program requires a Mass Save no-cost Home Energy Assessment.
Customers must meet program eligibility requirements prior to participating. Proposed equipment upgrades must be authorized prior to financing. Eligibility for the HEAT Loan Program is based on pre-approval. Some restrictions apply and offers are subject to change or cancellation. Financing is subject to credit approval. Additional Terms and Conditions apply. Visit MassSave.com/HEATLoan or call 866-527-SAVE (7283) for details and to learn more about the program.
