Mass Solar Loan

Umassfive in partnership with the massachusetts department of energy resources doer and the massachusetts clean energy center masscec is proud to support the mass solar loan program the program provides low interest loans to qualified homeowners for the purchase and installation of solar electric systems.

Mass solar loan.

To get started call mass save at 866 527 save to schedule a home energy assessment. The mass save heat loan offers interest free financing opportunities up to 25 000 for energy efficient home upgrades like heating and water heating equipment central a c and heat pumps insulation and more. 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. The genesis of this program came out of the department of energy resources explained andrew belden director of solar programs at masscec.

Up to 12 months interest only payments during construction period. Use the mass solar loan consumer dashboard to learn about solar costs and loan interest rates under the mass solar loan program. Learn about solar electricity. 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.

Your interest only monthly payments based on a loan amount of 10 000 at an interest rate of 6 000 6 189. Follow the steps below to get started. However the experts agree that massachusetts is an excellent location for. Maximum loan amount 35 000 00.

Solar electricity can provide you with lower cost electricity. The mass solar loan program includes three incentives to help massachusetts residents go solar. Visit mass solar loan s website for faq s and guides to get you going. Receive a price quote from a pre qualified mass solar loan installer downloadable list.

Minimum loan amount 3 000 00. The mass solar loan program was developed to further encourage the adoption of solar panels in ma and support the commonwealth s solar industry in a way that maximizes the benefit to the local economy.