Mass Save® HEAT Loan For Homeowners Across Massachusetts
0% Financing for Energy-Efficient Upgrades
Upgrading the heating, cooling, or water systems in your home is a huge investment, and not everyone can afford the upfront costs. Thankfully, there is an option for you; Massachusetts homeowners can take advantage of the Mass Save® HEAT Loan to make energy-efficient updates for their homes more affordable. This program offers 0% interest financing for qualified home improvements.
For many families in Massachusetts, the HEAT loan is the difference between having to put off a project and being able to make the upgrades you need.
Get Started with the Mass Save® HEAT Loan
"*" indicates required fields
About The Heat Loan Program
The HEAT program allows homeowners to borrow up to $25,000 and spread the payments out over up to 7 years without paying any interest. You can combine your federal tax credits, state rebates, and no-interest financing to greatly reduce the upfront costs of your home project.
Upfront costs are typically the biggest obstacle to upgrading your heating and cooling system. Combining the Inflation Reduction Act of 2022 tax credits, Mass Save® rebates, and 0% interest HEAT loan can help you overcome that barrier.
The HEAT program allows homeowners to borrow up to $25,000 and spread the payments out over up to 7 years without paying any interest. You can combine your federal tax credits, state rebates, and no-interest financing to greatly reduce the upfront costs of your home project.
Upfront costs are typically the biggest obstacle to upgrading your heating and cooling system. Combining the Inflation Reduction Act of 2022 tax credits, Mass Save® rebates, and 0% interest HEAT loan can help you overcome that barrier.
Make Your Heat Pump Upgrade More Affordable
Heat pumps are one of the most popular energy-saving upgrades a homeowner can make, and with good reason:
- They provide both heating and cooling
- They run on electricity
- They are far more effective than traditional systems
Like any efficient home upgrade, however, the initial cost can be expensive. If you need a new heat pump or are looking for a heat pump upgrade, we understand that the upfront cost may present a challenge.
As a Mass Save® Heat Pump Leaders Network contractor, Control Point Heating • Cooling • Plumbing • Electric makes the process simple! We apply your Mass Save® rebate as a no-wait instant credit rebate, so you don’t have to wait for reimbursement. Plus, our Residential Concierge team will guide you along every step of the loan and installation process to make sure your experience is stress-free.
Take the Next Step Toward Comfort and Savings
If you’re ready for an upgrade on your heat pump, water heater, or another qualified project, take action with the Mass Save® HEAT Loan today. With up to $25,000 in 0% interest financing available, you don’t have to wait to improve your home’s comfort and lower your energy bill.
Our team at Control Point Heating • Cooling • Plumbing • Electric is ready to help you take advantage of this program and maximize your savings. Give us a call today to get started!
FAQS
Who is eligible for the Mass Save® HEAT Loan?
To qualify:
- The loan applicant must be the homeowner
- The resident must have an electric or gas service with a participating Mass Save utility sponsor, including Berkshire Gas, Cape Light Compact, Eversource, Liberty Utilities, National Grid, or Unitil
- You must complete a Home Energy Assessment before applying
Do I need to complete a Mass Save® Home Energy Assessment before applying?
Yes, doing a Home Energy Assessment is required before applying. The assessment identifies what energy-saving upgrades your home needs and if those upgrades are eligible for the HEAT loan.
Does applying for a HEAT loan involve a credit check?
Yes. The authorization letter you get from the Sponsors of Mass Save shows that your upgraded equipment is eligible, but the actual loan is issued through a participating bank or credit union.
Why is my HEAT loan not for the full proposed amount?
The loan amount covers the cost of your eligible equipment, minus any rebates that you qualify for. Since the rebates are subtracted from the total upfront, they cannot be rolled into the loan amount.
If I installed heat pumps before completing a Home Energy Assessment or weatherization, am I still eligible for the whole-home heat pump rebate?
Yes, if your Home Energy Assessment or weatherization work is done within 6 months of your heat pump installation, the rebate will be paid when weatherization is complete.
How long will it take to get my rebate?
It can take up to eight weeks for your rebates to process.
How can I track the status of my heat pump rebate?
Rebate submissions can be tracked through the Mass Save Online Rebate Portal.