Mass Solar Loan Program Manual

For loans closing on or after september 13th 2019 program incentives are focused on low income qualified customers who fall within the income based threshold indicated below.

Mass solar loan program manual.

Solar electricity can provide you with lower cost electricity. The mass solar loan program includes three incentives to help massachusetts residents go solar. The massachusetts department of energy resources doer and the massachusetts clean energy center masscec have launched the mass solar loan program for massachusetts residents interested in directly owning their solar electric projects. Participation in the mass solar loan program is an opportunity for lenders to become a part of the growing massachusetts residential solar market.

Learn about solar electricity. Solar electricity can provide you with lower cost electricity. What you need to know types of solar energy smart program information smart competitive procurement solarize mass solar carve out and solar carve out ii current status solar carve out and solar carve out ii program information. Find up to date data on the program performance dashboard.

Receive a price quote from a pre qualified mass solar loan installer downloadable list. Low interest fixed rate with a low interest fixed rate loan there is no better time to install solar energy panels at your home. Follow the steps below to get started. The mass solar loan program also has a data dashboard that tracks the program s performance since its start.

Receive a price quote from a pre qualified mass solar loan installer downloadable list. While terms may vary participating lenders are required to offer fixed rate 10 year loans between 3 000 and 35 000. Learn about solar electricity. Apply to the mass solar loan program apply to the municipal light plant solar rebate program.

Income qualified residents may be eligible to have the mass solar program pay a portion of their loan principal once the project is complete. As of april 2017 the program has funded nearly 2 300 solar projects in massachusetts at a median interest rate of 2 99. In order to meet the overall goals of the program masscec has announced an upcoming transition that steps down loan support while providing 10 million in additional funding for future program activities that focus on income qualified customers. Use the mass solar loan consumer dashboard to learn about solar costs and loan interest rates under the mass solar loan program.

Doer anticipates heat loan lenders will particularly recognize the value of the solar loan credit enhancement the successful performance of heat loans. Relation to mass save heat loan 4 50 lenders statewide are engaged with successful heat loan program that provides support for homeowner loans for energy efficiency and boiler replacements.