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Home Energy Loan Rates

Become more energy efficient at home while saving money in the process.

If you're interested in making energy-efficient upgrades to your home with a Heat Loan, or interested in purchasing a whole-house generator, BankFive can help! Check out our loan rates today.
Special HELOC Offer

2.99% APR* Introductory rate for 12 months from date of funding. Wall Street Journal Prime Rate on a monthly float thereafter until maturity with a Floor of 3.25% APR*
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Mass Save® HEAT Loans

APR*** Term
0% Up to 84 months


***Some restrictions may apply. This offer is subject to credit approval and may be suspended or terminated at any time. Minimum loan amount is $500.00. APR refers to Annual Percentage Rate. The monthly payment would be approximately $11.90 per $1,000 borrowed based on 0.00% APR for 84 months. Trust review and recording fees ranging from $150.00 to $375.00 apply for properties held in trust. Eligible Mass Save HEAT Loan customers will need to obtain cost estimates from licensed contractors and submit them to the Home Assessment Vendor for approval. Loans greater than $15,000 have a minimum FICO score requirement of 660. Maximum debt to income ratio of 45%, based on net income.

Customers must meet program eligibility requirements to participate. Eligibility for the HEAT Loan Program is based on completing a Home Energy Assessment and pre-approval. Some restrictions apply and offers are subject to change or cancellation. Financing is subject to credit approval. Additional 
terms and conditions apply. Visit MassSave.com/HEATLoan or call 1-866-527-SAVE (7283) for details and to learn more about the program.

RI HEAT Loans - The Rhode Island 0% Financing Program offered by National Grid

APR**** Term
0% Up to 84 months

****Loans greater than $15,000 have a minimum FICO Score requirement of 660 and maximum debt to income ratio of 45%, based on net income.
 

Generator Loans

APR***** Term
5.55% Up to 60 months

*****Some restrictions apply. This offer subject to credit approval and may be terminated at any time. Minimum loan amount is $5,000. Maximum loan amount is $15,000. APR refers to Annual Percentage Rate. The monthly payment would be approximately $19.12 per $1,000 borrowed at 5.55% APR for 60 months. Customers are required to obtain written estimate and invoice from a licensed contractor. Available to residents of Massachusetts and Rhode Island. Minimum FICO score requirement of 700. Maximum debt to income ratio of 40%, based on net income. Loans will be secured by UCC recordings.

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