East Cambridge HEAT Loans
This loan is designed to empower homeowners to make improvements that significantly reduce the costs associated with heating and cooling. Talk to us about how you can get up to $25,000 at 0.00% APR* on your HEAT Loan at East Cambridge. Please contact one of our bankers listed below for more details.
*The Annual Percentage Rate (APR) is effective as of 8/7/2026 and applies to 1-4 Family Owner Occupied and Non-Owner Occupied Dwellings.
Minimum loan amount for Non-Owner Occupied Dwelling is $5,000.
- Through the Mass Save HEAT Loan Program, you may be eligible to receive 0% Annual Percentage Rate (APR) financing up to $25,000 for qualifying energy-efficiency upgrades. Certain measures require completing Home Energy Assessment (HEA) through Mass Save to understand your home’s existing condition and identify any requirements that need to be addressed first. An HEA is required if you plan to pursue any of the following:
- Whole Home Heat Pump
- Partial Home Heat Pump (when pursuing bonus incentives)
- Windows
- Weatherization
- Weatherization Barriers
- For all other financeable measures, an HEA is not required, though it is recommended as it may help identify additional opportunities for savings.
- Subject property must be located in Arlington, Bedford, Belmont, Billerica, Burlington, Cambridge, Carlisle, Charlestown, Chelsea, Concord, Everett, Lexington, Lincoln, Lynn, Lynnfield, Malden, Medford, Melrose, Nahant, Natick, Needham, Newton, North Reading, Reading, Revere, Saugus, Somerville, Stoneham, Sudbury, Wakefield, Waltham, Watertown, Wayland, Wellesley, Weston, Wilmington, Winchester, Winthrop, and Woburn MA.
- East Cambridge Savings Bank policy allows for no more than one HEAT loan per customer.
- Closing must take place at an East Cambridge Savings Bank Banking Center.
- Loan request must be in the name of a natural person and not a Trust or LLC.
- Required documentation for HEAT loans: HEAT Intake Form (issued through MassSave); HEAT Authorization Form (issued through MassSave); Pay stubs representing one consecutive month for all applicants; Current Federal Tax returns (all pages, W2s & schedules) if self-employed; Copy of current mortgage statement or bill; Copy of current real estate tax bill; Copy of property deed.
- Payment example: $25,000 loan amount, 0% Annual Percentage Rate (APR), 84 monthly payments of $297.62.
- Other restrictions may apply.