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Mass Save® Heat Loan

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The Mass Save® Heat Loan, an Energy Efficiency Loan

A Mass Save® Heat Loan from Eastern Bank provides an interest-free loan of up to $25,000 to homeowners looking to improve the energy efficiency of their owner-occupied residence. At Eastern Bank, we do good things to help all people prosper. See how a Mass Save® Heat Loan from Eastern Bank can make your home a bit cozier! 

To start the application process, please call Mass Save® at (866) 527-SAVE to schedule a home energy assessment. Customers need a Mass Save® Heat Loan Authorization Form with a valid expiration date at the time of application. 

Mass Save® Heat Loans are subject to credit approval. 

Please note, non-owner occupied properties must submit applications through Eastern Bank’s Business Lending program.

How to Apply for a Mass Save® Heat Loan from Eastern Bank

Applying for a Mass Save® Heat Loan from Eastern Bank is easy:

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Features & Benefits of a Mass Save® Heat Loan

A Mass Save® Heat Loan from Eastern Bank provides an interest-free loan to homeowners to make energy-efficient upgrades in their home, including heating equipment, central air conditioning, insulation and more.

  • Homeowners pay no interest for the life of the loan
  • Terms of up to seven years
  • Easy application process
  • Available rebates(1)
  • No collateral necessary

(1) Consult your tax advisor and the Mass Save® website for information about rebates and tax savings.

Mass Save® Heat Loan Rates

The Mass Save® Heat Loan is a 12- to 84-month loan for between $2,000 and $25,000 that carries a 0% APR and is available for 1- to 4-family owner-occupied residences in Massachusetts.

FAQs about the Mass Save® Heat Loan Program

Mass Save® is an initiative sponsored by Massachusetts’ natural gas and electric utilities and energy efficiency service providers. They work to help residents and businesses manage energy and user-related costs.

The Heat Loan is offered through the Mass Save program. It enables consumers to finance qualified home projects that improve the energy efficiency in their homes at zero interest for the life of the loan. Customers must first have a Mass Save home energy assessment to apply for the loan. Loans are subject to lender approval.

Some eligible services are:

  • Heating system replacement
  • Solar hot water heaters
  • Central air conditioning and heat pumps
  • Insulation and replacement windows

For more information, visit the Mass Save®website.

To find out if your energy efficiency improvement qualifies for a Mass Save® Heat Loan, call Mass Save® at (866) 527-7283 to schedule a home energy assessment. Following the assessment, a Mass Save representative will let you know which improvements are eligible.

Or you can visit the Mass Save®website.

How to Apply for a Mass Save® Heat Loan from Eastern Bank

Applying for a Mass Save® Heat Loan from Eastern Bank is easy:
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