Medford HEAT Loan Financing at 0% Interest

Plenty of Medford owners like the idea of a heat pump; what holds them back is the upfront bill. The Mass Save HEAT Loan answers much of that. Borrowers pay 0% on up to $25,000 toward heat pumps and weatherization, lent by program banks and credit unions. The lender reviews your application and makes the approval decision. Our office handles what the program requires from the contractor. The program asks for four things up front (Mass Save utility service, our written proposal, your signed authorization form and the lender's yes), followed by an inspection once work is done. We prepare the proposal with equipment, scope and price itemized in a format lenders can review easily. We walk you through the authorization form and supply any contractor documents the lender requests. When installation is done, we help arrange the inspection. Combined with a rebate, the loan can reduce what you pay out of pocket at the start considerably. Before anything is scheduled, you see the rebate estimate, the borrowed amount and the balance you cover on one page, so you can decide with the full budget in view.