Home Energy Conversion Loan

Want to make some energy-efficient improvements around the house?

If you're looking to update your outdated heating or cooling system with an energy efficient system, South Hadley Electric Light Department (SHELD) has partnered with UMassFive to help you finance a more efficient home.

Here's how you can get started

1. If you aren't already a UMassFive member, you can join here.
2. Contact SHELD directly at 413.536.1050 to set up a free expanded audit/heat pump consultation. By doing this, you will obtain authorization from SHELD to apply for financing through UMassFive.
3. Upon loan approval, you can join here if you aren't already a member.

Home Energy Conversion Loan Rates

Unfamiliar with cooperatives?

All of our members who bank and take loans through UMassFive aren’t just customers—they’re partial owners of our institution. There’s no investors outside of our members putting their money into the credit union, so there’s also no one else taking any profit. Any profits we make, we return to our members in form of higher dividends, and lower rates on things like personal loans for musical instruments.

In order to borrow from us, you will need to become a member, which includes a one-time reservation of your $5 stake in the cooperative. 

*APR = Annual Percentage Rate. To avoid delays in application processing, UMassFive recommends receipt of a Home Energy Conversion Authorization Form that has been completed by SHELD prior to application. A completed Authorization Form that has been approved by SHELD is required to close. Final approval is conditional upon your satisfying any applicable criteria bearing on your creditworthiness, including income, employment, and any other information you may provide on your application.