Masscec Solar Loan Program

To get started call mass save at 866 527 save to schedule a home energy assessment.

Masscec solar loan program.

From the attic to basement we re here to help you with your home energy upgrades. Mass solar loan program available to massachusetts residents 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. While terms may vary participating lenders are required to offer fixed rate 10 year loans between 3 000 and 35 000. Mass solar loan connects homeowners interested in solar electricity to solar installers and lenders that have available financing options.

The mass solar loan program is nearing full utilization of the initial program funding tracked here. 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 mass solar loan program includes three incentives to help massachusetts residents go solar. The genesis of this program came out of the department of energy resources explained andrew belden director of solar programs at masscec.

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. 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. Solar access is a program designed to help middle income homeowners access affordable renewable energy. Participation in the mass solar loan program is an opportunity for lenders to become a part of the growing massachusetts residential solar market.

The non profit center for ecotechnology guides homeowners through the installation of solar panels by sunbug solar and the installation of heat pumps by girard heating and air conditioning with financing provided by umass five college credit. Solarize mass a group buying program providing discounts for residents in participating communities. Prepare internal processes to receive loan applications. 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.