Mass Save HEAT® Loan

At Bay State Savings, we recognize that our customers love to save money while maintaining their homes in the best condition possible. With a Mass Save HEAT Loan, you could qualify for a loan of up to $25,000 toward qualified energy-efficient home improvements and 0% interest financing with terms of up to 7 years. This program is only eligible for owner-occupied primary residences.

  • Eligible upgrades include:
    • Heating system replacement
    • Water heaters (including solar options)
    • Central air condition and heat pumps
    • Insulation and ENERGY STAR® qualified replacement windows
    • Energy efficient thermostats

Interested in learning more? Ready to get the process started?
Follow our step-by-step guide to apply:

Step 1: Schedule a no-cost Home Energy Assesment.

Call 1-866-527-SAVE (7283) to schedule your no-cost Home Energy Assessment with a Mass Save Energy Specialist, or have a Mass Save Participating Home Performance Contractor start the process for you.


Step 2: Choose a contractor.

Make sure to get a signed proposal from their official letterhead. It is recommended by Mass Save to get multiple quotes from licensed and insured contractors before choosing one. Find a participating contractor.

Website - MA SAVE

Step 3: Complete and submit paperwork.

Your Energy Specialist will provide you with relevant forms and documents following your assessment. You will submit a completed HEAT Loan Intake Form, contractor proposal, and other documents noted on the checklists that came with your assessment packet.


Step 4: Secure Your Bay State Savings Bank Loan.

Once your forms are submitted and approved, you will receive a HEAT Loan Authorization Form, which you will use to apply for your loan in one of our branches, over the phone, or online. Only owner-occupied primary residences are eligible for an interest-free loan up to $25,000.

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Step 5: Complete the upgrade(s) & apply for any rebates.

Within 90 days of receiving the bank check from Bay State, your contractor should complete the improvements. You will then sign the check over to the contractor to pay for their work. Some equipment may be eligible for rebates and would not be included in the check you received from us, so you’ll want to make sure you apply for these rebates, so you don’t leave any money on the table.


Step 6: Complete your verification inspection.

This is to ensure everything is installed properly so you can enjoy all the benefits of your energy-efficient improvements. You can schedule an inspection by calling 1-800-234-1307.

Offer is subject to credit approval. Some restrictions apply and offers are subject to change or cancellation. Visit for full details.

Want to speak with us more about the Mass Save HEAT® Loan? Complete the form below and we’ll reach out as soon as possible!

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