What is the HEAT Loan Program and how does it work?
Asked a year ago
The HEAT Loan Program is a financing option offered by MassSave to help homeowners make energy-efficient upgrades to their homes. The program provides interest-free loans of up to $25,000 to eligible homeowners, allowing them to invest in energy-saving measures such as insulation, heating systems, water heaters, and windows. To participate in the program, homeowners must first schedule a Home Energy Assessment and work with an approved MassSave contractor to identify eligible energy improvements. Once the upgrades are decided upon and approved, homeowners can apply for the HEAT Loan to finance the project. The loan is repaid through monthly installments added to the homeowner's electric bill, providing a convenient and affordable way to make these energy-saving improvements.
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