Massachusetts
MLP Z-Loan Program

Zero-interest financing for eligible home energy improvements.

If your home is in Massachusetts and receives electricity from a city- or town-owned utility, also known as a municipal light plant (MLP), you may qualify for zero-interest financing through the Massachusetts Department of Energy Resources (DOER) MLP Z-Loan program.

The DOER MLP Z-Loan helps eligible Massachusetts homeowners finance qualifying energy efficiency and clean heating and cooling improvements.

The Z-Loan at a Glance

• Interest rate: 0%
• Loan amount: $500 to $25,000
• Loan term: Up to 5 years
• Property type: Owner-occupied residential properties in Massachusetts
• Eligible applicants: Qualifying homeowners served by a municipal light plant who are not eligible for Mass Save® programs

What Home Energy Improvements Can the Z-Loan Cover? 

• Heat pumps
• Heat pump water heaters
• Insulation improvements
• Approved work needed to prepare your home for energy upgrades, such as updating electrical wiring, making structural repairs, or addressing mold or vermiculite

How to Apply for a Z-Loan 

1. Schedule a Home Energy Assessment. Complete a qualifying home energy assessment before applying. Depending on the municipal light plant serving your community, your assessment may be scheduled through Energy New England or NextZero. Your assessment will identify the energy efficiency improvements that may qualify for financing.
2. Get a Contractor Proposal. Work with a licensed contractor to obtain an itemized proposal for the recommended improvements.
3. Apply Through the DOER Z-Loan Website. Visit myz-loan.com to apply for the program. If your proposed improvements qualify, you will receive a Loan Authorization Form that you will provide to BankFive.
4. Apply for Financing. Visit our online application to apply for a Z-Loan. Select "Heat Unsecured" under the Loan Purpose dropdown.

¹Some restrictions may apply. This offer is subject to credit approval and program eligibility requirements and may be modified, suspended, or terminated at any time. Financing is available to eligible customers of participating Massachusetts municipal light plants. Eligible borrowers may receive financing at 0.00% APR (Annual Percentage Rate) on qualifying energy efficiency and clean energy improvements. Loan terms are available for up to 60 months. Rebates and incentives, where applicable, will be deducted from project costs prior to final loan amounts being determined. Financing is subject to underwriting requirements. Applicants must receive a Loan Authorization Form before applying for financing. Additional terms, conditions, and program requirements apply.

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