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
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0% APR*
No-Interest Loan -
No-Cost Home Energy Assessment
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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 improvement measures, including:
- Weatherization
- Pre-weatherization barriers
- ENERGY STAR certified replacement windows**
- Residential batteries enrolled in ConnectedSolutions
- Heat pump projects
- Heat pump water heaters
Please visit MassSave.com/HEATLoan for more information.
**Must be in conjunction with completed weatherization recommendations.
Note: The maximum loan amount is over the lifetime of a customer’s energy efficiency upgrades. Eligible energy efficiency measures can be financed until the maximum loan amount is reached.
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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 below.
Schedule a no-cost Home Energy Assessment
Schedule a no-cost Home Energy Assessment from an authorized Mass Save program vendor.
Certain home improvement measures require completing a Home Energy Assessment (HEA) through Mass Save to understand your home’s existing condition and identify any requirements that need to be addressed first. Learn more.
A HEA is not required for all home improvement measures, though it is recommended as it may help identify additional opportunities for savings.
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 using the "Apply Now" button 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.
